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
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