MTECHTIPS MCX ZINC INTRADAY trading tips 28-10-2016
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 154-153-152-148-. Immediate resistance for Zinc is 159
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is in profit booking mode 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 only above 159 with a stop at 156.7 Below 156.1 go for sell and put stop at 158.4.