MTECHTIPS MCX ZINC INTRADAY trading tips 05-04-2018

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MTECHTIPS MCX ZINC INTRADAY trading tips 05-04-2018

MTECHTIPS  Zinc is bearish for medium-long term .Currently 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 Zinc is in HOLD LONG position and Zinc closed below 1 week low with volume signals down breakout.Positionally Immediate support for Zinc is 210.Resistance for the Zinc is 214-216-219-221- Short term and Intraday Level of ZINC Zinc and closed below 1 week low with volume signals down breakoutCurrently Zinc is in HOLD SHORT position Zinc has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below209.9 Buy if above 216.15 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 214.3 with a stop at 210.8 Below 209.9 go for sell

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