MTECHTIPS MCX NICKEL INTRADAY trading tips 14-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 14-03-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend 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 655.Resistance for the Nickel is 703-710-714-717-719-724-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 681.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 657.9 The Nickel is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 687.6 with a stop at 668.6 Below 663.2 go for sell and put stop at 682.2
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