MTECHTIPS MCX ZINC INTRADAY trading tips 29-09-2016
MTECHTIPS MCX Zinc is in perfect uptrend .Currently Zinc is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 153-151-148-143-. Immediate resistance for Zinc is 156
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is in sideways and sellers was at high so for short term better buy above 156.6 or hold with stop at 149.45 The next resistance will be at 155.3 The Zinc is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 156.6 with a stop at 154.1 Below 153.4 go for sell and put stop at 155.9.