MTECHTIPS MCX NICKEL INTRADAY trading tips 17-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 17-01-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Immediate support for Nickel is 658.Resistance for the Nickel is 703-717-718-729-746-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is in down trend so buy above 709.0 The sell will again come if below 661.1 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 713.2 with a stop at 688.5 Below 681.2 go for sell
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