MTECHTIPS MCX ZINC INTRADAY trading tips 30-09-2016
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 153-152-151-148-143-. Immediate resistance for Zinc is 159
Short term and Intraday Level of ZINC
Currently 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 159.5 with stop at 149.45 The Zinc is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 159.5 with a stop at 156.5 Below 155.7 go for sell and put stop at 158.7.