MTECHTIPS MCX NICKEL INTRADAY trading tips 07-09-2018

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MTECHTIPS MCX NICKEL INTRADAY trading tips 07-09-2018

MTECHTIPS  Nickel is bearish for medium-long term .Currently Nickel is in strong 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 Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 883.Resistance for the Nickel is 924-931-937-948-971-975- Short term and Intraday Level of NICKEL Currently Nickel is in HOLD SHORT position Nickel is showing some Up momentum So buy above 906.0 with stop at 887.1 The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 905.6 with a stop at 890.6 Below 886.8 go for sell and put stop at 901.8

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