MTECHTIPS MCX NICKEL INTRADAY trading tips 29-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 29-08-2017

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 highly overbought level. The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 714-703-681-637-618-615-. Immediate resistance for Nickel is 757
Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy if close above 754.5 closing below 721.1 Sell will happen. The Nickel is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 760.9 with a stop at 736.9 Below 730 go for sell and put stop at 753.9
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