MTECHTIPS MCX NICKEL INTRADAY trading tips 10-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 10-03-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Nickel. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 669.Resistance for the Nickel is 704-719-722-724-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below670.1 Buy if above 740.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 685.9 with a stop at 673.4 Below 670.1 go for sell
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