MTECHTIPS MCX NICKEL INTRADAY trading tips 03-09-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 03-09-2018

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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Nickel is 904.Resistance for the Nickel is 941-943-944-958-973-980- Short term and Intraday Level of NICKEL Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in HOLD SHORT position Nickel is in sideways but the trend looks weak so better buy above 955.9 or hold with stop at 908.0 The oscillator is showing SELL signal

Intraday Trend- Sell if open below 896.6 with stop loss at 922 or sell below 885.7Buy is not advised till it cross 932.9

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