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
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