MTECHTIPS MCX NICKEL INTRADAY trading tips 10-05-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 10-05-2017

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 . In last few days volume based selling happened in the Nickel. 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 573.Resistance for the Nickel is 600-602-619-649-668-677-
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position Nickel is showing some Up momentum So buy above 596.0 with stop at 574.6 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 608.1 with a stop at 590.9 Below 585.9 go for sell and put stop at 603.2
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