MTECHTIPS MCX ZINC INTRADAY trading tips 03-10-2016
MTECHTIPS MCX 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 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 161
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 155 The Zinc is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 160.4 with a stop at 156.8 Below 155.8 go for sell with a stop at 159.4.