Zinc ended down despite positive indicators from U.S. economic data and firmer equity markets, prices are falling, suggesting metals are decoupling from equity markets. Zinc yesterday we have seen that market has moved -5.43%. Market has opened at 100.65 & made a low of 95.5 versus the day high of 101.45. The total volume for the day was at 38142 lots and the open interest was at 7486.Now support for the zinc is seen at 93.7 and below could see a test of 91.6. Resistance is now likely to be seen at 99.6, a move above could see prices testing 103.5.

Trading Ideas:

Zinc trading range is 91.6-103.5.

Zinc ended down despite positive indicators from U.S. economic data

Resistance for zinc is seen at 96.90 and support is at 94.60.

Zinc after 6% fall some pull back till 98-99 level can be seen.

BUY ZINC MAY ABV 96 SL 95 TGT 96.80-97.80.MCX