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Sunday, September 18, 2016

ZINC UPDATES FOR SEPT 18 2016

SUNDAY


WEEKLY UPDATE


Zinc in mcx last week dropped from 152 to 148


 levels after a long consolidation at 152 levels and


 closed at 148.25 levels, trend for the commodity


 remains bearish and we expect prices to correct further


 up to 144.5 levels, very strong supports for the commodity


 is at 147, resistance for the commodity is at 149.25 and 150 levels.


Weekly Call :



Sell Mcx Zinc only below 148 (CMP 148.25)


 and add further on rises up to 148.5 


with SL above 150.5 


for targets 146 – 144.5



                 
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