MTECHTIPS MCX ZINC INTRADAY trading tips 30-01-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 30-01-2017
MTECHTIPS Mcx Zinc is in long- medium- short-medium- short- term bull phase .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 Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 185-181-175-169-.Resistance for the Zinc is 189-
Short term and Intraday Level of ZINC

Currently Zinc is in HOLD LONG position Zinc is in profit booking mode so either sell of or keep stop at187 so better sell and enter at lower level The Zinc is now trading is approaching overbought level. The oscillator is on SELL signal and Zinc is coming down from overbought level
Intraday Trend- Buy is advised above 190 with a stop at 185.6 Below 184.4 go for sell
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