Zinc Metal News

Intraday Trend- Buy is advised only above 112.9 with a stop at 111.2 Below 110.8 go for sell and put stop at 112.5 Intraday Resistance of ZINC are 112.6 : 113.3 : 117.2 : 119.5 : 122.7 : 125.9 : 128.3 : 130.6 Intraday Support of ZINC are 111.1 : 110.4 : 106.6 : 104.5 : 101.5 : 98.6 : 96.5 : 94.5

Zinc News

MCX Zinc Aug : Buy around 112 levels with a stop loss placed below 111 levels for targets of 114 levels

Buy MCX Zinc August trgt 116

MCX Zinc Aug contract, it is trading in a positive trend from last 4 days and today it has breached the “Down Trend Line” along with “substantial volumes” which indicates optimism. Prices are trading above its 5 Day, 20 Day EMA and 50 Day EMA (Exponential Moving Average) in addition, 5 day EMA crossover 20 Day EMA, which also signals positivity.

On the oscillator front, 14 day RSI is rising which indicates bullishness.

MCX Zinc August contract can find support around 111.50 levels and below that strong support is seen at 108.70 levels.

Resistance is seen at 115 levels and above that at 119 levels.

Looking at "Down Trend Line" breakout with substantial volumes coupled with oscillators supporting bullishness, we recommend Buy in MCX Zinc August contract.

Positional Call (3-4 Days) - Buy MCX Zinc Aug between 111.50 - 112, SL - 108.70, Target - 116.20 (CMP - 112)

(http://www.moneycontrol.com/news/brokerage-recos-commodities/buy-mcx-zinc-august-target-rs-11620-angel-commodities_929128.html)

Zinc News

Intraday Trend- Buy is advised only above 113.6 with a stop at 111 Below 110.3 go for sell and put stop at 112.9

Intraday Resistance of ZINC are 112.9 : 113.7 : 117.3 : 119.6 : 122.8 : 126 : 128.4 : 130.8

Intraday Support of ZINC are 111 : 110.2 : 106.7 : 104.6 : 101.6 : 98.7 : 96.6 : 94.6