October 27, 2016

MTECHTIPS MCX ZINC INTRADAY trading tips 14-10-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is in strong downtrend with good momentum 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 SELL signal For short term Zinc is in HOLD SHORT position and Zinc closed below 1 week low with volume signals down breakout.Positionally Support for the Zinc is 146-.Resistance for the Zinc is 152-154-155-156-
Short term and Intraday Level of ZINC

Zinc and closed below 1 week low with volume signals down breakoutCurrently Zinc is in SELL position Zinc has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below147.8 Buy if above 156.85 The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 152 with a stop at 148.7 Below 147.8 go for sell



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