MTECHTIPS MCX NICKEL INTRADAY trading tips 29-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 29-03-2017

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 .. The Nickel is now trading in oversold level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 623.Resistance for the Nickel is 661-666-691-694-702-720-
Short term and Intraday Level of NICKEL

Currently Nickel is in SELL position The Nickel is in downtrend For short term buy only if close above 648.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 659.1 with a stop at 642 Below 637.1 go for sell and put stop at 654.3
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