Wednesday, June 22, 2011

MCX Zinc and Nickel Updates- Trading Range Today

Nickel is trading with Negative bias as its is hovering below crcial levels of 998. In Nickel a Major sell off can be seen if it breaches the strong support level of 965 while above 998 can help Nickel to rise up to 1008-1115 levels later.

In Broad prospective Zinc is still trading in negative bias but some Intraday momentum can be seen is 97.50 level is not broken. A trade below 96.50 can be fatal for intraday and weak bias can get more strength to target 93 levels later.


Posted By Commodity MCX Tips