MTECHTIPS MCX NICKEL INTRADAY trading tips 02-08-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 02-08-2018

MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position and Nickel closed below 1 week low with volume signals down breakout.Positionally Immediate support for Nickel is 909.Resistance for the Nickel is 939-941-959-983-994- Short term and Intraday Level of NICKEL Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in HOLD LONG position Nickel is in sideways but the trend looks weak so better buy above 965.9 or hold with stop at 913.0 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- Sell if open below 899.2 with stop loss at 931.2 or sell below 885.1Buy is not advised till it cross 945.4

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