MTECHTIPS MCX NICKEL INTRADAY trading tips 24-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 24-01-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Nickel. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 652.Resistance for the Nickel is 693-695-700-718-728-737-

Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 683.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 678.7 with a stop at 656.9 Below 650.5 go for sell

WWW.MTECHTIPS.COM

07489294118-119