MTECHTIPS MCX ZINC INTRADAY trading tips 19-04-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 19-04-2017
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 161.Resistance for the Zinc is 172-175-179-184-185-
Short term and Intraday Level of ZINC

Zinc is in sideways but the trend looks weak so better buy above 169.5 or hold with stop at 161.9 The Zinc is now trading is approaching oversold level. The oscillator is on BUY Signal and Zinc is recovering from oversold level
Intraday Trend- Sell if open below 160.4 with stop loss at 164.6 or sell below 158.6Buy is not advised till it cross 166.5
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