MTECHTIPS MCX NICKEL INTRADAY trading tips 07-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 07-08-2017

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 Nickel is in HOLD LONG position.Positionally Support for the Nickel is 648-637-619-607-598-597-. Immediate resistance for Nickel is 667
Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position The Nickel is not giving any clear signal So buy only if close above664.0 and sell below 647.5 The Nickel is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend-The Nickel closed in a confusion manner So buy for intraday only above 668.3 with a stop at 653.7 If opens below 653.7 or trade below 649.8 be cautious or go for sell with stop at 664.3

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