zinc intraday

Zinc resistance could be 85
02 July 2008 10:54:27

Zinc yesterday we have seen that market has moved 0%. Market has opened at 84 & made a low of 83.1 versus the day high of 85.15. The total volume for the day was at 7453 lots and the open interest was at 5319.Now support for the zinc is seen at 82.95 and below could see a test of 82.

Resistance is now likely to be seen at 85, a move above could see prices testing 86.1.

• TRADING RANGE IS 82.00-87.00.
• BUY ZINC @ 82-82.60 SL 81.40 TGT 83.40-84.20-85.50. MCX
• A BREAK OF 85.70 WILL RALLY TILL 88.60-89 LEVEL SOON.


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