MTECHTIPS MCX ZINC INTRADAY trading tips 17-08-2018

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MTECHTIPS MCX ZINC INTRADAY trading tips 17-08-2018

MTECHTIPS  Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Zinc is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Zinc is 164.Resistance for the Zinc is 178-179-191-197-200- 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 175.0 The Zinc is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 171 with a stop at 164.7 Below 162.8 go for sell

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