MTECHTIPS MCX NICKEL INTRADAY trading tips 06-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 06-02-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 683-675-668-.Resistance for the Nickel is 718-721-726-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 682 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 699.7 with a stop at 683.9 Below 679.5 go for sell with stop at 695.4
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