MTECHTIPS MCX ZINC INTRADAY trading tips 27-12-2016

MTECHTIPS MCX ZINC INTRADAY trading tips 27-12-2016
MTECHTIPS Mcx Zinc is in long- term bull phase .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 Support for the Zinc is 166-163-.Resistance for the Zinc is 175-181-182-184-
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 176.0 The Zinc is now trading is approaching oversold level. The oscillator is on BUY Signal and Zinc is recovering from oversold level
Intraday Trend- Buy is advised above 174.9 with a stop at 168.4 Below 166.4 go for sell
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