Zinc yesterday we have seen that market has moved 0.33%. Market has opened at 74.7 & made a low of 74.1 versus the day high of 75.6. The total volume for the day was at 9975 lots and the open interest was at 11018.Now support for the zinc is seen at 74.3 and below could see a test of 73.45. Resistance is now likely to be seen at 75.8, a move above could see prices testing 76.45.
Trading Idea
TRADING RANGE IS 73.00-80.00.
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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