MTECHTIPS MCX NICKEL INTRADAY trading tips 27-03-2017
MTECHTIPS MCX NICKEL INTRADAY trading tips 27-03-2017
MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Immediate support for Nickel is 639.Resistance for the Nickel is 667-677-697-698-705-722-
Short term and Intraday Level of NICKEL
Currently Nickel is in SELL position The Nickel is in downtrend For short term buy only if close above 659.0 The Nickel is now trading is approaching oversold level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level
Intraday Trend- Buy is advised above 652.6 with a stop at 639.5 Below 636.1 go for sell
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