MTECHTIPS MCX NICKEL INTRADAY trading tips 06-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 06-03-2017

MTECHTIPS Nickel is moving sideways The oscillator is on SELL signal and Nickel is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Nickel if it close above748 or buy with strict stop at 695. The oscillator is on SELL signal and Nickel is coming down from overbought level For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 724-720-718-710-697-. Immediate resistance for Nickel is 748
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is in sideways and sellers was at high so for short term better buy above 746.6 or hold with stop at 720.7 The next resistance will be at 744.1 The Nickel is now trading is approaching overbought level. The oscillator is on SELL signal and Nickel is coming down from overbought level
Intraday Trend- Buy is advised only above 746.6 with a stop at 729.5 Below 724.9 go for sell and put stop at 741.9
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