MTECHTIPS MCX NICKEL INTRADAY trading tips 06-08-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 06-08-2018

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 . In last few days volume based selling happened in the Nickel. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Immediate support for Nickel is 896.Resistance for the Nickel is 936-938-951-959-981-990- Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is in sideways so for short term better buy above 944.2 with stop at 900.1 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 944.2 with a stop at 916.3 Below 908.3 go for sell and put stop at 936.1