MTECHTIPS MCX ZINC INTRADAY trading tips 23-06-2017

MTECHTIPS MCX ZINC INTRADAY trading tips 23-06-2017
MTECHTIPS Zinc is bearish for medium-long term .Currently Zinc is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Zinc is 170-165-163-161-.Resistance for the Zinc is 176-
Short term and Intraday Level of ZINC

Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 166 The Zinc is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 177.6 with a stop at 172.1 Below 170.5 go for sell with a stop at 176
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