Zinc yesterday we have seen that market has moved -1.51%. Market has opened at 75.75 & made a low of 74.25 versus the day high of 76.45. The total volume for the day was at 11842 lots and the open interest was at 10808.Now support for the zinc is seen at 73.95 and below could see a test of 73. Resistance is now likely to be seen at 76.15, a move above could see prices testing 77.4.
Trading Idea
TRADING RANGE IS 73.00-81.00.
SELL ZINC @ 76-77 SL 77.80 TGT 75.20-74.30-72.60.MCX
SELLING PRESSURE STILL MOUNTING IN THE AREA OF 75-76 TARGETING 72-71 LEVEL
MCXARUN
9994500540
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