Zinc prices edged up yesterday as speculators built up fresh positions, driven by gains at the LME. Zinc yesterday we have seen that market has moved 0.4%. Market has opened at 86.7 & made a low of 86.1 versus the day high of 87.2. The total volume for the day was at 18404 lots and the open interest was at 5820.Now support for the zinc is seen at 86.2 and below could see a test of 85.6. Resistance is now likely to be seen at 87.3, a move above could see prices testing 87.8.

Trading Ideas:

Zinc trading range is 85.6-87.8.

Zinc prices edged up yesterday tracking firmness in LME prices

Resistance for zinc is seen at 86.20 and support is at 87.30.

Zinc daily stock at Shanghai exchange came down by -1976 tonnes.

SELL ZINC JULY @ 86.60-87 SL 87.90 TGT 86.10-85.40-84.70.MCX