MTECHTIPS MCX NICKEL INTRADAY trading tips 19-04-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 19-04-2017

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 HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Nickel is 599.Resistance for the Nickel is 644-646-652-685-686-702-
Short term and Intraday Level of NICKEL

Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in SELL position The Nickel is in downtrend For short term buy only if close above 629.0 The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 619.2 with a stop at 597.2 Below 590.7 go for sell
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