MCX Nickel buying and selling forecast and methods updated for 08th February 2016, Monday.

MCX Nickel witnessing selling pressure from trend line resistance zone as shown in above image this will favor bears as long as it holds below.

If nickel falls further then on down side it will find strong trend line support at its previous bottom. If it woun`t take that support and closes below 542 then further weakness can be seen in coming days.

Suggested reading - Click to read article on Different methods of buying and selling.

No comments:

Post a Comment


What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips