MTECHTIPS MCX NICKEL INTRADAY trading tips 27-05-2019
MTECHTIPS MCX NICKEL INTRADAY trading tips 27-05-2019
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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position and closed above 3 week high with volume signals up breakout. Positionally Support for the Nickel is 846-841-839-.Resistance for the Nickel is 875-879-890-
Short term and Intraday Level of NICKEL Nickel closed above 1 week high with volume signals up breakoutCurrently Nickel is in HOLD LONG position Nickel is in sideways so for short term better buy above 875.3 or hold with stop at 825.6 The next resistance will be at 867.5 The oscillator is showing BUY signal Intraday Trend- Buy above 875.3 and keep stop below 850.4 Target is 886 next 903.8 Below 839.7 trend reversal can occur and next level is 822
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