MTECHTIPS MCX NICKEL INTRADAY trading tips 08-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 08-02-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 684-675-674-.Resistance for the Nickel is 718-719-727-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 707.4 with stop at 676.0 The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 704.2 with a stop at 692.5 Below 689.6 go for sell
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