MTECHTIPS MCX ZINC INTRADAY trading tips 02-12-2016
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 . 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 183-179-173-163-160-157-. Immediate resistance for Zinc is 205
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 204.2 with stop at 182.75 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 192.5 with a stop at 186.1 Below 184.3 go for sell and put stop at 190.6.