MTECHTIPS MCX NICKEL INTRADAY trading tips 03-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 03-08-2017

MTECHTIPS Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Nickel is now trading in overbought level. The Nickel is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 638-629-614-608-595-. Immediate resistance for Nickel is 667Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position Nickel is in profit booking mode so hold with stop at 651 The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 667.6 with a stop at 653.9 Below 650.2 go for sell and put stop at 663.9
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