MTECHTIPS MCX NICKEL INTRADAY trading tips 31-03-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 31-03-2017

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 .. The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing BUY signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 623.Resistance for the Nickel is 656-662-686-693-699-718-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy if close above 654.2 closing below 625.6 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 653.7 with a stop at 641.8 Below 638.7 go for sell and put stop at 650.6
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