MTECHTIPS MCX NICKEL INTRADAY trading tips 18-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 18-01-2017

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 SHORT position.Positionally Immediate support for Nickel is 658.Resistance for the Nickel is 699-704-714-718-729-745-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 724.4 with stop at 661.1 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 698.4 with a stop at 682.1 Below 677.6 go for sell
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