MTECHTIPS MCX NICKEL INTRADAY trading tips 09-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 09-03-2017

MTECHTIPS Nickel is bearish for medium-long term.Currently Nickel is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Nickel is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Nickel is 674.Resistance for the Nickel is 704-720-724-725-728-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is in sideways but the trend looks weak so better buy above 740.0 or hold with stop at 676.6 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 667.5 with stop loss at 690.3 or sell below 657.5Buy is not advised till it cross 700.4
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