MTECHTIPS MCX ZINC INTRADAY trading tips 05-10-2018
MTECHTIPS 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 188-187-181-180-178-177-. Immediate resistance for Zinc is 201 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 193 The Zinc is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 198.8 with a stop at 194 Below 192.7 go for sell with stop at 197.5