MTECHTIPS MCX ZINC INTRADAY trading tips 09-03-2017.
MTECHTIPS Mcx Zinc is bearish for medium-long term .Currently 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 Immediate support for Zinc is 178.Resistance for the Zinc is 186-187-188-190-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position The Zinc is in downtrend For short term buy only if close above 184.0 The Zinc is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 183.7 with a stop at 178 Below 176.3 go for sell