MTECHTIPS MCX NICKEL INTRADAY trading tips 29-12-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 29-12-2017

MTECHTIPS Nickel is in perfect uptrend .Currently 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 oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 758-757-742-741-739-737-. Immediate resistance for Nickel is 795
Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position Nickel is in sideways and sellers was at high so for short term better buy above 803.6 or hold with stop at 756.0 The next resistance will be at 792.0 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 only above 803.6 with a stop at 779.1 Below 772 go for sell and put stop at 796.5
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