Zinc yesterday we have seen that market has moved 0.3%. Market has opened at 117.4 & made a low of 116.65 versus the day high of 118.05. The total volume for the day was at 4604 lots and the open interest was at 5668. Now support for the zinc is seen at 116.60 and below could see a test of 115.90. Resistance is now likely to be seen at 118.00, a move above could see prices testing 118.70.

Trading Ideas:

ZINC TRADING RANGE IS 113-121.

IMPORTANT WILL BE THE 115 MARK FOR ZINC BELOW THIS SOM PULL BACK CAN BE SEEN

AS TOLD EARLIER ALSO A BREAK ABV 116 WE LOOK PRICES TO SEE TILL 122 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME UNCHANGED.

BUY ZINC DEC ABV 118 SL 116.80 TGT 118.90-119.70-120.60-122. MCX