MTECHTIPS MCX NICKEL INTRADAY trading tips 16-04-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 16-04-2018

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 .Positionally Support for the Nickel is 876-872-871-866-854-824-. Immediate resistance for Nickel is 920 Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 888 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 917.2 with a stop at 897.9 Below 892.7 go for sell with a stop at 911.9

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