MTECHTIPS MCX ZINC INTRADAY trading tips 17-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 17-04-2017
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 164.Resistance for the Zinc is 174-177-180-185-
Short term and Intraday Level of ZINC

Currently Zinc is in HOLD SHORT position Zinc is showing some Up momentum So buy above 169.0 with stop at 164.85 The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 171 with a stop at 167.2 Below 166.2 go for sell and put stop at 170
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