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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