SUNDAY



WEEKLY UPDATE



Zinc in mcx was given a rally from 135 to 146 levels and fro past two weeks



prices was not able to give a break above 143.5 levels, selling comes in



when prices moves up to 143 levels, technicals gives a mixed reaction for



both bulls and bears however the last two trading session candles confirms



the selling pressure in the market near 143.5 levels, based on the candle



stick we maintain our bearish view for the commodity for short term up to 138 levels.



Weekly Call :



Sell Zinc between 141.75 to 142.25



with stops above 144 on closing basis



for targets 139 and 138.



(low risk traders can trade in mini lots)