MTECHTIPS MCX ZINC INTRADAY trading tips 21-10-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is in strong downtrend but volume is unsatisfactory 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-.Resistance for the Zinc is 154-155-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 152 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 153.9 with a stop at 151.4 Below 150.8 go for sell with stop at 153.3.