MTECHTIPS MCX NICKEL INTRADAY trading tips 06-12-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 06-12-2017

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 697.Resistance for the Nickel is 729-744-748-751-756-775- Short term and Intraday Level of NICKEL Currently Nickel is in HOLD SHORT position Nickel is in sideways but the trend looks weak so better buy above 740.6 or hold with stop at 700.2 The Nickel is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Sell if open below 692.4 with stop loss at 712.8 or sell below 683.7Buy is not advised till it cross 721.6
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