MTECHTIPS MCX NICKEL INTRADAY trading tips 23-02-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 23-02-2017

MTECHTIPS Nickel is bearish for medium-long term .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 SELL signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 711-700-693-.Resistance for the Nickel is 722-725-729-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is moving sideways so short term investor better to buy only above 745.0 or hold with stop at 715.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 723.6 with a stop at 712.3 Below 709.4 go for sell
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