MTECHTIPS MCX ZINC INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Zinc is in perfect uptrend .Currently Zinc is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Zinc. The oscillator is on SELL signal and Zinc is coming down from overbought level For short term The current position is BUY .Positionally Support for the Zinc is 182-178-172-163-159-157-. Immediate resistance for Zinc is 205
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position Zinc is moving sideways so short term investor better to buy only above 204.2 or hold with stop at 182.75 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 188.2 with a stop at 182 Below 180.2 go for sell.