MTECHTIPS MCX ZINC INTRADAY trading tips 13-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 13-04-2017
MTECHTIPS Mcx 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 . 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 164.Resistance for the Zinc is 176-178-181-185-
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 170.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 164.85 The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 170.4 with a stop at 166.8 Below 165.8 go for sell and put stop at 169.4