MTECHTIPS MCX ZINC INTRADAY trading tips 27-09-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above157 or buy with strict stop at 146. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 150-147-142-.Resistance for the Zinc is 154-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position The Zinc is in downtrend For short term buy only if close above 153.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 149.45 The Zinc is now trading is approaching overbought level. The oscillator is on SELL signal and Zinc is coming down from overbought level
Intraday Trend- Buy is advised only above 153.9 with a stop at 151 Below 150.3 go for sell and put stop at 153.2.