MTECHTIPS MCX NICKEL INTRADAY trading tips 28-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 28-03-2017

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 . Noting point is selling at lower levels seems decreasing. The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 623.Resistance for the Nickel is 663-670-694-695-704-721-
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 652.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 648.8 with a stop at 630.6 Below 625.4 go for sell
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