MTECHTIPS MCX NICKEL INTRADAY trading tips 16-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 16-02-2017

MTECHTIPS Mcx Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 722-713-704-702-689-686-. Immediate resistance for Nickel is 732
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 713 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 738.5 with a stop at 722.7 Below 718.4 go for sell with a stop at 734.2
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