NOV 19 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58 , S2 RS 56.30

R1 RS 60.60 , R2 RS 62

Zinc, mainly used to galvanise steel, jumped on the back

o finvestor short-covering after news that the world's

largest producerplanned to cut production.


Zinc rose 6.5 percent to a high of $1,235 a tonne before

closing at $1,229, up $69.

Immediete support is at Rs 56.10 levels for MCX Nov contract

where as crucial support is at Rs 55.05 levels.

Zinc is expected to trade sideways.

Short term resistence is at Rs 58.90 whereas major

Resistence is at Rs 60.10.