MTECHTIPS MCX ZINC INTRADAY trading tips 13-10-2016
MTECHTIPS MCX Zinc is in long- term bull phase .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume 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 HOLD SHORT position.Positionally Support for the Zinc is 146-.Resistance for the Zinc is 154-156-157-
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD SHORT position Zinc is in sideways and sellers was at high so for short term better buy above 153.3 or hold with stop at 149.95 The next resistance will be at 156.85 The Zinc is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 153.3 with a stop at 149.6 Below 148.5 go for sell and put stop at 152.2
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