MTECHTIPS MCX NICKEL INTRADAY trading tips 27-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 27-01-2017

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 645.Resistance for the Nickel is 684-691-694-718-727-733-
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 671.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 675.0 but caution- close Below low5 fresh selling can occur The Nickel is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 672.5 with a stop at 652.8 Below 647.2 go for sell
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