MTECHTIPS MCX ZINC INTRADAY trading tips 19-10-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is in strong downtrend with good momentum 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 Zinc is in SELL position.Positionally Support for the Zinc is 147-.Resistance for the Zinc is 154-155-
Short term and Intraday Level of ZINC
Zinc closed above 1 week high with volume signals up breakoutCurrently Zinc is in HOLD LONG position Zinc has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 153.8 with stop at 147.65 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 153.8 with a stop at 151.5 Below 150.9 go for sell and put stop at 153.2.