MTECHTIPS MCX ZINC INTRADAY trading tips 20-10-2016
MTECHTIPS MCX Zinc is in long- medium- short-medium- term bull phase .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume 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 153-152-151-147-. Immediate resistance for Zinc is 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 151 Very Short term investor please cautious on Zinc as it is moving with low volatality The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 155.5 with a stop at 152.7 Below 152 go for sell with a stop at 154.8.