MCX Nickel Tips for Today


The below MCX nickel tips & technical levels charts are updated at 9.30 am everyday based on the previous days data of the mcx nickel and today's open price which is fetched from our server. Based on the quant's advanced camarilla equation and today's mcx nickel open we have plotted the possible reversal and break out levels tips. Please use the levels and charts below for trading purposes.

​Last Updated:  11/06/21

Long & Short Reversal Tips for Nickel MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

1318.74

1307.88

1333.22

1336.84

1340.46

Sell below

1340.46

1351.32

1325.98

1322.36

1318.74

Long & Short Breakout Tips for Nickel MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Breakout Buy above

1351.32

1340.46

1369.95

1391.70

Breakout Sell below

1307.88

1318.74

1289.25

1267.50

For your easy understanding we have plotted the above reversal and breakout level scenarios explanation in a easy readable charts below with entry, targets and stop loss.

Intraday Nickel Commodity Tips Chart


MCX Nickel Tips

The Equation involves two types of trading one with the trend and one against the trend, the important levels to note are the L3 and H3 levels, where you may expect a reversal to occur (Research shows that reversals from L3 and H3 happen as often as 4 out of 5 times – 80% during intraday trading. ), and the L4 and H4 levels where you may expect a major breakout to occur.

Live Intraday Tips : Camarilla levels & mcx nickel target for today 11/06/21

H6

1391.70

Target 2

H5

1369.95

Target 1

H4

1351.32

Long Break Out

H3

1340.46

Go Short / Sell Below

H2

1336.84

H1

1333.22

Pivot

1324.17

Pivot

L1

1325.98

L2

1322.36

L3

1318.74

Go Long / Buy Above

L4

1307.88

Short Breakout

L5

1289.25

Target 1

L6

1267.50

Target 2

How to Trade the Free MCX Nickel Tips


Trading is done on the basis of open of the commodity. Depending on the open price of nickel there can be five different scenarios occurring. Each scenario is discussed in a very detailed manner below.

  • SCENARIO 1
  • SCENARIO 2
  • SCENARIO 3
  • SCENARIO 4
  • SCENARIO 5

When the open of mcx nickel is between H3 : 1340.46 and L3: 1318.74


  To Enter Long Position (BUY)


Wait for the price to go below 1318.74 and again when the rate moves back above 1318.74 Go Long. Stop loss can be placed at 1307.88

Targets will be Target 1 : 1333.22, Target 2 : 1336.84, Target 3 : 1340.46


  To Enter Short Position (SELL)


Wait for the price to go above 1340.46 and again when the rate moves back below 1340.46 Go Short. Stop loss can be placed at 1351.32


Targets will be Target 1 : 1325.98, Target 2 : 1322.36, Target 3 : 1318.74

About Camarilla Pivot Point Intraday Trading Strategy :

Camarilla pivot point ( mean reversion ) is a very popular intraday trading strategy still used by many traders which has an astounding accuracy with consistent performance.

Camarilla pivot point theory is an advanced form of the existing normal classical pivot point strategy founded by Nick scott a very successful bond trader in end of 1980’s It is highly accurate for trading high beta stocks and commodities. The Equation works on thesis that price most of the time has tendency to revert to its mean.

Short Term - Only Nickel Tips


Free Nickel Tips

Short term levels are calculated based on the previous week mcx nickel open high low close. Here today's open doesn't play a major role, henceforth use the levels calculated below for possible reversal and break outs for your short term positional trading.

H6

1396.65

TGT 2

H5

1367.95

TGT1

H4

1343.37

Long Break Out

H3

1328.69

Go Short / Sell Below

H2

1323.79

H1

1318.90

Pivot

1322.93

Pivot

L1

1309.10

L2

1304.21

L3

1299.31

Go Long / Buy Above

L4

1284.63

Short Breakout

L5

1260.05

TGT 1

L6

1231.35

TGT 2


Short Term Nickel Buy & Sell Reversal Tips

Signal

Entry

Stop Loss

Target 1

Tgt 2

Tgt 3

Short Term Buy above

1299.31

1284.63

1318.90

1323.79

1328.69

Short Term Sell below

1328.69

1343.37

1309.10

1304.21

1299.31

Short Term Nickel Buy & Sell Breakout Tips

Signal

Entry

Stop Loss

Tgt 1

Tgt 2

Short Term Breakout Buy above

1343.37

1328.69

1367.95

1396.65

Short Term Breakout Sell below

1284.63

1299.31

1260.05

1231.35

Commodity Nickel Trading Tips



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