MTECHTIPS MCX NICKEL INTRADAY trading tips 17-07-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 17-07-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is showing some up move after small correction and the trend and not gained strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Nickel is 596-592-584-.Resistance for the Nickel is 621-Short term and Intraday Level of NICKEL Nickel closed above 1 week high with volume signals up breakoutCurrently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 591 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 627 with a stop at 604.8 Below 598.2 go for sell with a stop at 620.4
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