MTECHTIPS MCX NICKEL INTRADAY trading tips 20-04-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 20-04-2018

MTECHTIPS  Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Nickel. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 915-898-882-879-862-832-. Immediate resistance for Nickel is 1099 Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position In Nickel is in up trend but last day trend was weak so adhere to stop at 941 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- Sell if open below 962.1 with stop loss at 1032.4 Buy is advised only above 1065.6

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