zinc intraday

Zinc support at 79.40
17 July 2008 11:40:05

Zinc yesterday we have seen that market has moved -3.11%. Market has opened at 80.55 & made a low of 76.6 versus the day high of 81.35. The total volume for the day was at 13962 lots and the open interest was at 6683.Now support for the zinc is seen at 75.90 and below could see a test of 73.85. Resistance is now likely to be seen at 80.65, a move above could see prices testing 83.35.

Trading Idea

TRADING RANGE IS 73.50-84.00.
BUY ZINC ABV 79.50 SL 78.80 TGT 80.60-81.40-83.20. MCX
IMP SUPPORT IS 79.40 LEVEL

MCXARUN
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