MCX Zinc Updates For Today Evening

The positive trend of Zinc is likely to remain positive if it continues to trade above 109 mark but a good rally could be seen only above 111 level. If zinc trades above 111 level it may test 113 and then 115 levels later. Below 108 prices may see downward trend and Zinc futures can slip down to 105.

Day Traders can buy zinc at 109-109.50 to target 111-112 stoploss below 107.50.

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Base Metals Updates- Copper Trend for today

Copper MCX June contract today opened at 410.50 but could not sustain the level. Copper along with other base metals is facing a decline phase today.
Below 399 Levels Copper may see some more downfall till 395-393 which may be followed by 390. A breakout above 406.50 may take copper towards 409-414.

For Intraday one may sell Copper june futures below 399 for the targets of 395-393 SL-401.50 .

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