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Wednesday, November 28, 2018

ZINC UPDATES FOR NOV 28 2018

WEDNESDAY



MORNING UPDATE




All Base metals corrected sharply in yesterdays



 trade in the wake of a stronger dollar and 



 global uncertainity .



The looming trade tensions between US and China also 



weighing on prices .


But what must be kept in mind is that inventories continue


to plunge in the London Metal Exchange  .


Zinc corrected by more than 2 % in trade yesterday  /



Currently trading at Rs 176.20


Will face strong resistance at Rs 177


Immediate support seen at Rs 175 .


LEVELS ARE AS UNDER 



SUPPORT 1 175



SUPPORT 2 173



SUPPORT 3 171.50


RESISTANCE 1 178


RESISTANCE 2 179



RESISTANCE 3 180



We will keep updating 

Monday, November 12, 2018

ZINC UPDATES FOR NOV 12 2018

MONDAY 




MORNING UPDATE



Base metals prices on the Shanghai futures Exchange were



mostly down diring Asian morning trading .


A stronger dollar is putting pressure on prices .



The ongoing trade spat between US and China also


 continuing  and having a bearish



pressure on the prices ,



The dollar has been supported by expectations of 



another rate hike .

Mcx Zinc prices currently trading at Rs 186



Levgels are as under



SUPPORT 1 185.20



SUPPORT 2 184


SUPPORT 3 183.20



RESISTANCE 1 187.20


RESISTANCE 2 189.20



RESISTANCE 3 190.50



We will keep updating 

Monday, October 22, 2018

ZINC UPDATES FOR OCT 21 2018

MONDAY 11.00 AM IST




MARKET UPDATE



Mcx Zinc Update



Mcx Zinc currently trading at Rs 197.80



Strong resistance seen at Rs 199.20 levels



Support seen at Rs 195.



Zinc has been under selling pressure the whole of kast week ,



Resistance levels are


Res 1 199


Resistance 2 200.50


Resistance 3 201.10



Support 1 195



Support 2 193



We will keep updating