MTECHTIPS MCX ZINC INTRADAY trading tips 11-04-2017
MTECHTIPS MCX ZINC INTRADAY trading tips 11-04-2017
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.Positionally Immediate support for Zinc is 167.Resistance for the Zinc is 179-181-182-185-186-
Short term and Intraday Level of ZINC
Currently Zinc is in SELL position Zinc has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below165.4 Buy if above 181.75 The Zinc is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 171.4 with a stop at 166.7 Below 165.4 go for sell
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