MTECHTIPS MCX ZINC INTRADAY trading tips 18-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 18-04-2017
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 173-176-180-185-
Short term and Intraday Level of ZINC

Currently Zinc is in HOLD SHORT position Zinc is moving sideways so short term investor better to buy if close above 172.8 closing below 164.85 Sell will happen. 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 only above 169.9 with a stop at 167.6 Below 167.1 go for sell and put stop at 169.4
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