Zinc yesterday we have seen that market has moved -2.31%. Market has opened at 82.45 & made a low of 79.95 versus the day high of 83. The total volume for the day was at 5929 lots and the open interest was at 5424.Now support for the zinc is seen at 79.2 and below could see a test of 78.05. Resistance is now likely to be seen at 82.25, a move above could see prices testing 84.15.
Trading Idea
TRADING RANGE IS 78.00-85.00.
A DIP TODAY TILL 76-77 LOOK TO BUY FOR TGT 79-80. LEVEL
BUY ZINC ABV 81.20 SL 80.40 TGT 82-83.40-84.60. MCX
IMP SUPPORT IS 79.40 LEVEL SPREAD IS BEST IN JULY AND AUG
MCXARUN
9994500540
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