MTECHTIPS MCX ZINC INTRADAY trading tips 07-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 07-04-2017
MTECHTIPS Mcx Zinc is bearish for medium-long term .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 Immediate support for Zinc is 174.Resistance for the Zinc is 181-183-185-187-
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 181.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 181.75 but caution- close Below low5 fresh selling can occur 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 179.4 with a stop at 173.6 Below 171.9 go for sell