Zinc:-
Zinc on MCX has witnessed
a steep rise of more than 25% in the last month from Rs107 levels and made a
new 6 years high of Rs136.90. Prices have taken resistance around Rs130 and corrected
very sharply in the last 2 weeks. We are expecting prices to move down till
Rs109 in the next few days.
We recommend
selling Zinc on rise till Rs122 for the targets of Rs112 and Rs109. Positional
stop loss should be placed above Rs127.
Zinc Targets achieved on the downside last week
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