MTECHTIPS MCX NICKEL INTRADAY trading tips 18-04-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 18-04-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend with good momentum 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 HOLD SHORT position.Positionally Immediate support for Nickel is 620.Resistance for the Nickel is 647-648-655-687-704-
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 634.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 638.0 but caution- close Below low5 fresh selling can occur The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 628.8 with a stop at 620.8 Below 619 go for sell
WWW.MTECHTIPS.COM
07489294118-119