MTECHTIPS MCX ZINC INTRADAY trading tips 22-11-2016
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 170-168-163-158-156-154-. Immediate resistance for Zinc is 180
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position The Zinc is in slight down trend. Hold short with tight stop at 174.0 If trades and sustain above 173.65 it is again selling signal The oscillator is showing SELL signal
Intraday Trend-The Zinc closed in a confusion manner So buy for intraday only above 177.4 with a stop at 173.6 If opens below 173.6 or trade below 172.6 be cautious or go for sell with stop at 176.4.