Wednesday, May 25, 2011

MCX Lead and Zinc Updates - Intraday Trading Tips

MCX lead May

The immediate resistance of 114 has been crossed and a consistent trade above this level may let the lead to see the rally up to 116-117 levels.

For intraday one can go for buy on dips strategy around 113.50 levels for the targets of 116-117 SL-112

MCX Zinc May

A strong breakout above 99 level was seen in today's session. In coming few session if prices sustains above this level a rally up to 102-103 could be seen.

Traders should follow the strategy of buy on dips around 99-99.25 for the targets of 101-102 Stop loss below 98.


Posted By Commodity MCX Tips