Zinc news

Trend updated for-Apr/12/2013.CMP-102 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above106 or buy with strict stop at 100. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 103-104-108-109-110-

Currently Zinc is in HOLD LONG position The Zinc is in downtrend For short term buy only if close above 104.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 103.8 with a stop at 101.6 Below 101 go for sell
Intraday Resistance of ZINC are 103/103.6/104.5/107.3/110.2/115.3/118.1/123.6/129.2
Intraday Support of ZINC are 101.8/101.2/100.3/97.6/94.8/90.2/87.8/83.1/78.6

Metal news

Industrial metals prices dipped yesterday, giving up some gains from the previous session when it hit two-week highs, as some traders locked in profits and other investors remain concerned about sluggish demand amid weak Chinese imports.

South Korea is seeking 2,000 tonnes of copper for September arrival via a tender, the state-run Public Procurement Service said on its website

Chinese copper smelters are set to cash in on the closure of India's top smelter by raising production in the current quarter to benefit from higher treatment and refining charges for raw material concentrates.

The spread between cash copper on the LME and the spot Shanghai market in March widened to the best arbitrage opportunity for imports since late 2011, prompting investors and end-users to move refined copper in bonded warehouses in Shanghai into the domestic market.

Top global copper producer Codelco's massive mines returned to normal operations on Wednesday morning after the end of a 24-hour companywide strike to demand improved job security and better safety, Mining Minister Hernan de Solminihac said.

Nickel stocks held in the London Metal Exchange (LME) warehouse system hit a fresh all-time high of 167,700 tonnes on Tuesday.

Fundamental Outlook: Industrial metals prices are trading a tad higher on international bourses today. We expect a further rise in the prices of metals on account of positive New loans data from China. This may lead to an expectation of higher growth in Chinese economy thus supporting the prices of Industrial metals(http://www.moneycontrol.com/news/brokerage-recos-commodities/industrial-metals-may-rally-further-nirmal-bang_850976.html)

Zinc news

Trend updated for-Apr/11/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above106 or buy with strict stop at 100. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 104-108-110-

Currently Zinc is in HOLD LONG position Zinc is moving sideways with low volatality so short term investor better to buy if close above 105.95 close below 102.05 Sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 104.9 and Sell if below101.4
Intraday Resistance of ZINC are 104/104.7/108.4/111.3/116.4/119.3/124.8/130.4
Intraday Support of ZINC are 102.3/101.6/98.6/95.8/91.2/88.7/84.1/79.6

MCX ZINC

MCX ZINCDomestic: Buy at 103.40, Stoploss 103, Target 104.

Zinc news

Trend updated for-Apr/10/2013.CMP-104 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above106 or buy with strict stop at 100. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 103-.Resistance for the Zinc is 109-110-

Currently Zinc is in HOLD LONG position Zinc is in profit booking mode so hold with stop at 103 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 105.8 with a stop at 102.5 Below 101.6 go for sell and put stop at 104.9
Intraday Resistance of ZINC are 104.3/104.8/108.5/111.4/116.5/119.3/124.9/130.5
Intraday Support of ZINC are 103.1/102.6/98.7/95.9/91.3/88.8/84.2/79.6

Zinc news

Trend updated for-Apr/09/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 104-109-110-

Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 102 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 104.8 with a stop at 101.6 Below 100.6 go for sell with a stop at 103.8

Intraday Resistance of ZINC are 103.3/103.8/107.7/110.7/115.7/118.6/124.1/129.7
Intraday Support of ZINC are 102.1/101.6/98/95.2/90.7/88.2/83.5/79

Zinc news

Metals: Base metal futures on the MCX were trading lower tailing similar cues from benchmark London Metal Exchange contracts, as market came under pressure following disappointing US non-farm payrolls data. Bearish comments by European Central Bank's President Mario Draghi hinting at downside risk to Eurozone economic recovery also weighed on sentiment.

Trend updated for-Apr/08/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 105-109-110- Currently Zinc is in HOLD LONG position Zinc is moving sideways so short term investor better to buy only above 105.95 with stop at 100.2 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 104.8 with a stop at 101.6 Below 100.6 go for sell Intraday Resistance of ZINC are 103.6/104.6/106.2/108.7/111.6/116.7/119.6/125.1/130.7 Intraday Support of ZINC are 101.8/100.8/99.2/96.1/91.5/89/84.3/79.8

zinc news

Trend updated for-Apr/06/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 105-109-110-111-

Currently Zinc is in HOLD SHORT position Zinc is moving sideways so short term investor better to buy only above 103.75 or hold with stop at 100.2 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 104.7 with a stop at 101.5 Below 100.5 go for sell
Intraday Resistance of ZINC are 103.3/104/107.6/110.5/115.6/118.4/123.9/129.6
Intraday Support of ZINC are 101.9/101.2/97.9/95.1/90.5/88/83.4/78.9

MCX Zinc has target around Rs 108-109.60

As can be seen from the chart, MCX Zinc formed a large wedge pattern, which got over at the high of 119.10. From there, the commodity has fallen sharply. It has retraced 78.6 percent of the previous rise. Recently, it has formed an ending diagonal (wedge) and in the last session, it has broken out on the upside. The daily momentum indicator is showing a positive divergence and has given a buy signal. All these signs suggest that the base metal is poised for a short-term bounce. The key levels on the upside are Rs 108 and Rs 109.60. The reversal for the bullish view can be placed below the recent low, ie 100.20.

Zinc news

Trend updated for-Apr/05/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on BUY Signal and Zinc is recovering from oversold level For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 105-110-111-

Currently Zinc is in HOLD SHORT position Zinc is in sideways and sellers was at high so for short term better buy above 105.4 or hold with stop at 100.2 The next resistance will be at 103.75 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 105.4 with a stop at 102.2 Below 101.3 go for sell and put stop at 104.5
Intraday Resistance of ZINC are 104.3/105.2/106.8/107.4/110.3/115.4/118.2/123.7/129.4
Intraday Support of ZINC are 102.4/101.5/99.9/97.7/94.9/90.4/87.9/83.3/78.8

Zinc news

Trend updated for-Apr/04/2013.CMP-101 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Zinc. The oscillator is showing SELL signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 100.Resistance for the Zinc is 103-105-110-111-

Currently Zinc is in HOLD SHORT position The Zinc is in downtrend For short term buy only if close above 103.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 102.1 with a stop at 100.4 Below 100 go for sell and put stop at 101.7
Intraday Resistance of ZINC are 101.8/102.4/105.8/108.7/113.7/116.5/122/127.6
Intraday Support of ZINC are 100.3/99.7/96.2/93.4/88.9/86.4/81.8/77.4

Zinc news

MCX Zinc April : Sell below 100 levels with a stop loss placed above 101 levels for targets of 98 levels.

MCX Aluminium April : Sell around 102 levels with a stop loss placed above 103 levels for targets of 100.50 levels.(geojit)

Zinc news

Trend updated for-Apr/03/2013.CMP-101 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend and the trend is supported with good volume 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Zinc is 101.Resistance for the Zinc is 103-104-106-110-111-

Zinc and closed below 1 week low with volume signals down breakoutCurrently Zinc is in HOLD SHORT position Zinc has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below99.8 Buy if above 104.45 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 101.8 with a stop at 100.2 Below 99.8 go for sell

Intraday Resistance of ZINC are 101.4/102.1/103.2/106.4/109.3/114.3/117.2/122.6/128.2
Intraday Support of ZINC are 100.2/99.5/98.4/96.7/94/89.4/86.9/82.3/77.9

Zinc news and trend

Trend updated for-Apr/02/2013.CMP-103 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 .. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 101.Resistance for the Zinc is 104-106-110-111-

Currently Zinc is in HOLD LONG position Zinc is moving sideways with low volatality so short term investor better to buy if close above 104.6 close below 101.3 sell will happen. The oscillator is showing BUY signal

Intraday Trend-Intraday better to buy above 104.8 and Sell if below101.4

Intraday Resistance of ZINC are 103.7/104.3/107.7/110.7/115.7/118.6/124.1/129.7
Intraday Support of ZINC are 102.5/101.9/98/95.3/90.7/88.2/83.5/79

Zinc news

Trend updated for-Apr/01/2013.CMP-103 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 .. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 101.Resistance for the Zinc is 104-106-111-

Currently Zinc is in SELL position Zinc is in down trend so buy above 104.0 The sell will again come if below 101.3 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 103.9 with a stop at 102.3 Below 101.9 go for sell

Intraday Resistance of ZINC are 103.7/104.4/107.7/110.7/115.7/118.6/124.1/129.7
Intraday Support of ZINC are 102.1/101.4/98/95.2/90.7/88.2/83.5/79