Monday, April 14, 2014
UPDATE AT 3.45PM..GOLD $1324..UP ARD 5$ MCX UP ARD RS 50-60/SILVER $19.79..TRADES LOWER BY 15 CENTS MCX LOWER ARD 150-175 RS/CRUDE$103.50 TRADES LOWER ARD 20 CENTS, MCX DOWN ARD RS 10-12 RS/COPPER TRADES FLAT, NICKEL GAP UP OPEN OVER 2%,ZINC AND LEAD UP ARD1 %,ALU FLAT/NAT GAS TRADES MILD LOWER/
Zinc last week has given a tremendous move to test 124.5 levels
strong supports for the commodity is now at 121 levels
we suggest you to buy on dips with stops below 120 levels
for target 124. Trend for the commodity remains bullish
and is expected to do well in the days to come.
Weekly Call :
Buy Zinc at cmp and on Dips up to 121 levels
with stops below 120
for targets 124 and 125.
Sunday, April 6, 2014
Zinc prices was trading In the range between 121 to 118 levels ,
121 is considered as strong resistance and
118 remains it strong support levels,
either break will decide the next move,
however below 120 prices may drop to 119 to 118 levels.
Weekly call :
Wait for fresh entries.
Supp 119.5 and 118.8