MTECHTIPS MCX NICKEL INTRADAY trading tips 02-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 02-02-2017

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 SELL position.Positionally Support for the Nickel is 682-675-666-.Resistance for the Nickel is 717-725-726-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 704.1 with stop at 636.5 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 704.1 with a stop at 685.4 Below 680.1 go for sell and put stop at 698.8
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