MTECHTIPS MCX NICKEL INTRADAY trading tips 22-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 22-02-2017

MTECHTIPS Nickel is in long- medium- short-medium- short- term bull phase .Currently 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 Nickel is in HOLD LONG position.Positionally Support for the Nickel is 718-715-709-702-692-.Resistance for the Nickel is 730-
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 727 The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 736.2 with a stop at 713.5 Below 706.9 go for sell with stop at 729.6
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