MTECHTIPS MCX ZINC INTRADAY trading tips 10-04-2017
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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Zinc is 170.Resistance for the Zinc is 180-182-185-187-
Short term and Intraday Level of ZINC
Zinc and closed below 1 week low with volume signals down breakoutCurrently Zinc is in HOLD SHORT position Zinc is moving sideways so short term investor better to buy only above 181.75 or hold with stop at 170.55 The Zinc is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 175.4 with a stop at 170.1 Below 168.5 go for sell
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