Zinc yesterday we have seen that market has moved 0.98%. Market has opened at 81.65 & made a low of 81.15 versus the day high of 83.1.
The total volume for the day was at 9265 lots and the open interest was at 4433.Now support for the zinc is seen at 81.25 and below could see a test of 80.20. Resistance is now likely to be seen at 83.20, a move above could see prices testing 84.10.
Trading Ideas:
TRADING RANGE IS 78.00-84.50.
BUY ZINC ON DIP @ 80-80.80 SL 79.60 TGT 81.70-82.50-83.70. MCX
ABOVE 83.20 MARK ZINC FUTURES LOOK GOOD TILL 88-90 LEVEL SOON.
Courtesy: JRG Wealth Management
