MTECHTIPS MCX NICKEL INTRADAY trading tips 31-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 31-01-2017

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 .. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 633.Resistance for the Nickel is 673-685-689-717-726-729-
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 662.0 The Nickel is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 666.4 with a stop at 651.5 Below 647.5 go for sell and put stop at 662.3
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