MTECHTIPS MCX ZINC INTRADAY trading tips 22-09-2016
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 147-141-.Resistance for the Zinc is 153-154-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is moving sideways so short term investor better to buy only above 153.85 with stop at 147.35 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 153.5 with a stop at 150.3 Below 149.4 go for sell.