MTECHTIPS MCX NICKEL INTRADAY trading tips 21-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 21-08-2017

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 SELL signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 678-671-652-618-610-607-. Immediate resistance for Nickel is 710 Short term and Intraday Level of NICKELCurrently Nickel is in HOLD LONG position Nickel has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 719 with stop at 664.4 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 719 with a stop at 695.8 Below 689.1 go for sell and put stop at 712.2
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