MTECHTIPS MCX ZINC INTRADAY trading tips 20-09-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is in strong downtrend 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 SELL position.Positionally Support for the Zinc is 146-141-.Resistance for the Zinc is 152-153-154
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position Zinc is in sideways so for short term better buy above 152.8 with stop at 147.35 The Zinc is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 152.5 with a stop at 149.3 Below 148.5 go for sell and put stop at 151.6.