MTECHTIPS MCX ZINC INTRADAY trading tips 07-10-2016
MTECHTIPS MCX Zinc is in long- medium- short-medium- short- term bull phase .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 oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Zinc is 153-152-149-145-.Resistance for the Zinc is 157-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position Zinc is moving sideways so short term investor better to buy only above 160.75 or hold with stop at 154.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 156.5 with a stop at 154 Below 153.3 go for sell.