MTECHTIPS MCX NICKEL INTRADAY trading tips 07-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 07-02-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Nickel if it close above712 or buy with strict stop at 633. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 684-674-672-.Resistance for the Nickel is 719-727-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is in profit booking mode so hold with stop at 688 The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 712.4 with a stop at 697.7 Below 693.8 go for sell and put stop at 708.5
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