Zinc yesterday we have seen that market has moved -0.66%. Market has opened at 76 & made a low of 74.3 versus the day high of 76.
The total volume for the day was at 9512 lots and the open interest was at 5207.Now support for the zinc is seen at 74.4 and below could see a test of 73.5. Resistance is now likely to be seen at 76.1, a move above could see prices testing 76.9.
Trading Ideas: Zinc trading range is 69-82.
Zinc is trading is the tight range below 72.60 can dip till 70-68 level.
Sell zinc July at76-76.50 SL 77.5 TGT 75.4-74.7-73.6.
Buy zinc July at73.50 SL 72.60 TGT 74.20-75.10-75.90-76.80.
Imp res is at 76.80 above this again a jump till 77.50-78.50 level can be seen.
Yesterday lme stock for zinc came down by -250
Courtesy: Kedia Commodities
