MTECHTIPS MCX ZINC INTRADAY trading tips 23-09-2016
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 BUY signal For short term Zinc is in SELL position.Positionally Support for the Zinc is 150-147-142-.Resistance for the Zinc is 154-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is in profit booking mode so either sell of or keep stop at151 so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 154.2 with a stop at 151 Below 150.1 go for sell.