MTECHTIPS MCX ZINC INTRADAY trading tips 08-03-2018

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MTECHTIPS MCX ZINC INTRADAY trading tips 08-03-2018

MTECHTIPS  Zinc is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Zinc. The oscillator is showing SELL signal For short term Zinc is in SELL position.Positionally Immediate support for Zinc is 211.Resistance for the Zinc is 215-217-222-224-226-227- Short term and Intraday Level of ZINC Currently Zinc is in HOLD SHORT position The Zinc is in downtrend For short term buy only if close above 218.0 The Zinc is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 215.5 with a stop at 211.5 Below 210.4 go for sell

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