MTECHTIPS MCX NICKEL INTRADAY trading tips 09-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 09-08-2017

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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Nickel is 656-644-624-608-602-599-. Immediate resistance for Nickel is 689

Short term and Intraday Level of NICKELNickel closed above 1 week high with volume signals up breakoutCurrently Nickel is in HOLD LONG position Nickel is in sideways so for short term better buy above 694.6 or hold with stop at 649.2 The next resistance will be at 686.5 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy above 694.6 and keep stop below 673.5 Target is 703.8 next 719.1 Below 664.3 trend reversal can occur and next level is 649

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