AHMEDABAD (Commodity Online) : MCX Zinc currently traveling at Rs. 104.75 (10:20PM, 9th December 2011) after forming a bottom of Rs.103.40, the main appreciation in base metals came from the declaration of European nations to deal with current debt crisis. The additional positive sentiments observed in the trading streets as US cosumer confidence beat the estimates.
At present the current support is at Rs. 102 which is not expected to get broken for couple of sessions to come, one can buy zinc near Rs.103.4 with stop loss of Rs. 102 with the target of Rs. 105.30-107, says Hardik Jani, research analyst with Commodity Online.
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