MTECHTIPS MCX NICKEL INTRADAY trading tips 16-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 16-03-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 698-703-708-715-716-724-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is moving sideways so short term investor better to buy if close above 683.3 closing below 657.9 Sell will happen. The Nickel is now trading is approaching oversold level. The oscillator is on BUY Signal and Nickel is recovering from oversold level
Intraday Trend- Buy is advised only above 679.3 with a stop at 666.9 Below 663.7 go for sell and put stop at 676.1
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