MTECHTIPS MCX NICKEL INTRADAY trading tips 17-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 17-02-2017

MTECHTIPS 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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Nickel is 723-714-706-703-694-688-. Immediate resistance for Nickel is 743
Short term and Intraday Level of NICKEL

Nickel closed above 1 week high with volume signals up breakoutCurrently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 717 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 749.9 with a stop at 733.7 Below 729.3 go for sell with a stop at 745.5
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