MTECHTIPS MCX NICKEL INTRADAY trading tips 05-09-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 05-09-2017

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 747-728-704-655-628-621-. Immediate resistance for Nickel is 789 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 793.4 with stop at 736.1 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 793.4 with a stop at 780.2 Below 776.8 go for sell and put stop at 790.1
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