Thursday, 27 March 2014

ZINC UPDATES AND INTRADAY TREND

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
Positionally Immediate support for Zinc is 117.Resistance for the Zinc is 121-124-125-126-127

ZINC RES 119.4 : 120.1 : 124.1 : 126.4 : 129.7 : 133.1 : 135.5 : 137.9

ZINC SUP 117.8 : 117.1 : 113.2 : 111 : 108 : 105 : 102.8 : 100.7

INTRADAY BUY ZINC AT 118.20 TGT 119.50, 121 SL 117