MTECHTIPS MCX ZINC INTRADAY trading tips 30-11-2016
MTECHTIPS MCX Zinc is in perfect uptrend .Currently Zinc is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Zinc. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Zinc is 180-177-171-162-159-156-. Immediate resistance for Zinc is 205
Short term and Intraday Level of ZINC
Currently Zinc is in HOLD LONG position In Zinc is in up trend but last day trend was weak so adhere to stop at 187 The Zinc is now trading is approaching overbought level. The oscillator is on SELL signal and Zinc is coming down from overbought level
Intraday Trend- Sell if open below 182.2 with stop loss at 189.9 Buy is advised only above 193.3.