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MTECHTIPS MCX ZINC INTRADAY trading tips 07-03-2017

Monday, March 6, 2017 23:20
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MTECHTIPS MCX ZINC INTRADAY trading tips 07-03-2017

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MTECHTIPS Mcx Zinc is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Zinc is in SELL position.Positionally Support for the Zinc is 179-.Resistance for the Zinc is 186-187-189-190-191-

Short term and Intraday Level of ZINC

 

Currently Zinc is in HOLD SHORT position Zinc has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below179.7 Buy if above 193.3 The Zinc is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 185.3 with a stop at 180.9 Below 179.7 go for sell

WWW.MTECHTIPS.COM

 

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