MUMBAI (Commodity Online): On the heels of weak global sentiments over all base metals brought the zinc futures down on Monday as traders indulged in profit booking in the domestic futures market.
MCX August contract fell by 0.97% to Rs 86.60 a kg, with an open interest of 2,506 lots. The contract had lost 3.4% in the previous session. The September month contract moved down by 0.95% to Rs 87.40 a kg in an open interest of 573 lots.
Zinc yesterday we have seen that market has moved -3.42%. Market has opened at 89.8 & made a low of 87.15 versus the day high of 91.45. The total volume for the day was at 16456 lots and the open interest was at 2481.
Trading platform that even a 5 year old can trade. Join nowNow support for the zinc is seen at 85.90 and below could see a test of 84.30. Resistance is now likely to be seen at 90.20, a move above could see prices testing 92.90.
