MTECHTIPS MCX NICKEL INTRADAY trading tips 08-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 08-03-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is moving sideways The oscillator is on SELL signal and Nickel is coming down from overbought level and has moved down its previous low with good volume points to a negative break out . The oscillator is on SELL signal and Nickel is coming down from overbought level For short term Nickel is in HOLD LONG position and Nickel closed below 1 week low with volume signals down breakout.Positionally Support for the Nickel is 698-.Resistance for the Nickel is 720-724-725-728-731-
Short term and Intraday Level of NICKEL

Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 737.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 728.5 with a stop at 701.4 Below 693.4 go for sell
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