Wednesday, 10 April 2013

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

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