MTECHTIPS MCX NICKEL INTRADAY trading tips 20-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 20-01-2017

MTECHTIPS Nickel is bearish for medium-long term.Currently Nickel is showing some down move and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. 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 698-701-707-718-729-741-
Short term and Intraday Level of NICKEL

Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in SELL position The Nickel is in downtrend For short term buy only if close above 699.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 702.2 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 687.9 with a stop at 665.2 Below 658.5 go for sell
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