MTECHTIPS MCX NICKEL INTRADAY trading tips 01-01-2018

MTECHTIPS MCX NICKEL INTRADAY trading tips 01-01-2018

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 oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Nickel is 767-759-749-743-740-739-. Immediate resistance for Nickel is 829 Short term and Intraday Level of NICKEL Nickel closed above 1 week high with volume signals up breakoutCurrently Nickel is in HOLD LONG position Nickel is in sideways so for short term better buy above 834.2 or hold with stop at 756.0 The next resistance will be at 825.6 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy above 834.2 and keep stop below 804 Target is 847.8 next 870.2 Below 790.6 trend reversal can occur and next level is 768.2
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