MTECHTIPS MCX ZINC INTRADAY trading tips 01-02-2017
MTECHTIPS Zinc is in perfect uptrend .Currently Zinc is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing SELL signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 188-187-182-176-170-. Immediate resistance for Zinc is 195
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position Zinc is in sideways and sellers was at high so for short term better buy above 197.2 or hold with stop at 185.6 The next resistance will be at 194.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 197.2 with a stop at 191.4 Below 189.7 go for sell and put stop at 195.5.