MTECHTIPS MCX NICKEL INTRADAY trading tips 20-04-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 20-04-2017

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 . 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 599.Resistance for the Nickel is 640-643-650-683-685-700-
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 623.0 The Nickel is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 621.9 with a stop at 599.9 Below 593.3 go for sell
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