zinc intraday

Zinc could jump till 82.50
09 July 2008 11:56:37

Zinc yesterday we have seen that market has moved -2.59%. Market has opened at 79.25 & made a low of 76.35 versus the day high of 79.85. The total volume for the day was at 7795 lots and the open interest was at 6956.Now support for the zinc is seen at 75.75 and below could see a test of 74.3. Resistance is now likely to be seen at 79.25, a move above could see prices testing 81.3.

Trading Idea

• TRADING RANGE IS 74.30-81.30.
• BUY ZINC @ 76.50 SL 75.90 TGT 77.20-78.50. MCX
• SELL ZINC BELOW 79.00 SL 79.60 TGT 78.55-78.10-77.60. MCX
• A TRADE ABV 80.60 COULD JUMP TILL 82.50 ELSE WEAK

MCXARUN