MTECHTIPS MCX ZINC INTRADAY trading tips 21-11-2016
MTECHTIPS 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 Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing SELL signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 169-167-162-157-156-153-. Immediate resistance for Zinc is 180
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position Zinc is in sideways so for short term better buy above 179.0 with stop at 168.65 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 176.2 with a stop at 170.9 Below 169.4 go for sell and put stop at 174.7.