MTECHTIPS MCX NICKEL INTRADAY trading tips 25-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 25-01-2017

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 Noting point is selling at lower levels seems decreasing. 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 687-694-697-718-728-735-
Short term and Intraday Level of NICKEL

Currently Nickel is in SELL position Nickel is in down trend so buy above 674.0 The sell will again come if below 655.1 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 673.7 with a stop at 663 Below 660.3 go for sell
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