MTECHTIPS MCX NICKEL INTRADAY trading tips 21-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 21-02-2017

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 Nickel is now trading in overbought level. The Nickel is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 724-715-706-702-691-. Immediate resistance for Nickel is 748
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 729 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 750.8 with a stop at 740.3 Below 737.9 go for sell with a stop at 748.3
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