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Sunday, February 19, 2017

ZINC UPDATES FOR FEB 19 2017

SUNDAY



WEEKLY UPDATE





Zinc last week opened at 197.5 levels and went up to 198.8 levels could not able to



sustain at higher levels and heavy selling was witness at higher levels and dropped


back to close below 190 levels, tested intra week low of 186 levels and closed at 188 levels,



immediate resistance for the commodity is at 190 – 192 levels supports for the commodity is at 186.5 – 185 levels.




Weekly Call :



Sell Mcx Zinc on rises between 189.5 – 190.25



with SL above 192.25



for targets – 187 – 185.



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