MTECHTIPS MCX NICKEL INTRADAY trading tips 16-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 16-08-2017

MTECHTIPS Nickel is in long- medium- short-medium- short- term bull phase .Currently 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 SELL signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 661-640-610-609-603-.Resistance for the Nickel is 675- Short term and Intraday Level of NICKELCurrently Nickel is in HOLD LONG position Nickel is in profit booking mode so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 678.7 with a stop at 661.1 Below 656.1 go for sell
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