MTECHTIPS MCX NICKEL INTRADAY trading tips 26-04-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 26-04-2017

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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 589.Resistance for the Nickel is 616-632-639-675-680-694-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below591.5 Buy if above 617.0 The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 601.9 with a stop at 593.5 Below 591.5 go for sell
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