MTECHTIPS MCX ZINC INTRADAY trading tips 05-10-2016
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 . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Zinc is 154-153-152-149-144-. Immediate resistance for Zinc is 162
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 157 The Zinc is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 160.5 with a stop at 157.3 Below 156.4 go for sell with stop at 159.6.