Zinc yesterday we have seen that market has moved - 4.08%. Market has opened at 77.7 & made a low of 73.9 versus the day high of 77.7. The total volume for the day was at 7552 lots and the open interest was at 5628.
Now support for the zinc is seen at 73.45 and below could see a test of 71.75. Resistance is now likely to be seen at 77.25, a move above could see prices testing 79.35.
Trading Ideas:
TRADING RANGE IS 73.50-77.50.
SELL ZINC @ 77 SL 78.20 TGT 76.40-75.80-74.60. MCX
Courtesy: JRG Wealth Management
