MTECHTIPS MCX NICKEL INTRADAY trading tips 05-09-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 05-09-2018

MTECHTIPS  Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Nickel 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 1 month low with volume signals down breakout.Positionally Immediate support for Nickel is 883.Resistance for the Nickel is 932-937-940-953-973-978- 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 The Nickel is in downtrend For short term buy only if close above 924.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 907.6 with a stop at 883.2 Below 876.3 go for sell

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