MTECHTIPS MCX NICKEL INTRADAY trading tips 30-08-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 30-08-2017

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 722-708-686-640-620-616-. Immediate resistance for Nickel is 760
Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 729 The Nickel is now trading is approaching overbought level. The oscillator is on SELL signal and Nickel is coming down from overbought level Intraday Trend- Buy is advised above 758.1 with a stop at 740 Below 734.9 go for sell with stop at 753.1
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