Trend updated
for-Mar/22/2013.CMP-104 Overall trend of the Zinc is bearish for
medium-long term .Currently Zinc is in strong downtrend but volume is
unsatisfactory The open interest is not increasing with trend .
Noting point is selling at lower levels seems decreasing. The Zinc is
now trading in oversold level. The Zinc is now trading in oversold
level. The oscillator is showing BUY signal For short term Zinc is in
HOLD SHORT position.Positionally Immediate support for Zinc is
102.Resistance for the Zinc is 105-106-109-111-112-
Currently Zinc is in HOLD LONG position The
Zinc is not giving any clear signal So buy only if close above104.85
and sell below 102.45 The Zinc is now trading is approaching oversold
level. The oscillator is showing BUY signal
Intraday Trend-The Zinc closed in a confusion manner So buy for intraday only above 105.7 with a stop at 103.5 If opens below 103.5 or trade below 103 be cautious or go for sell with stop at 105.1
Intraday Resistance of ZINC are 104.9/105.4/109.2/112.2/117.3/120.1/125.7/131.4
Intraday Support of ZINC are 103.7/103.2/99.4/96.7/92/89.5/84.8/80.3
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