MTECHTIPS MCX NICKEL INTRADAY trading tips 26-04-2019

MTECHTIPS MCX NICKEL INTRADAY trading tips 26-04-2019

MTECHTIPS Nickel is in strong downtrend 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.Positionally Support for the Nickel is 854-.Resistance for the Nickel is 887-891-896-899-906- Short term and Intraday Level of NICKEL Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 872.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 879.8 but caution- close Below low5 fresh selling can occur The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 869.3 with a stop at 858.4 Below 856 go for sell

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