8:53 PM
Nifty Tips
Zinc Futures (May) can see further sell off as they are trading below 100 Levels. It may fall up to 90-88 Level.
One can go for sell in Zinc Futures may contract on rallies to 97-98 level for the target of 94-93 keeping a around 100.
Showing posts with label MCX Zinc Tips. Show all posts
Showing posts with label MCX Zinc Tips. Show all posts
Thursday, May 5, 2011
MCX Zinc updates- Trading Tips
Zinc Futures (May) can see further sell off as they are trading below 100 Levels. It may fall up to 90-88 Level.
One can go for sell in Zinc Futures may contract on rallies to 97-98 level for the target of 94-93 keeping a around 100.
Monday, March 7, 2011
MCX Zinc Updates
MCX Zinc future prices traded below 21 days exponential moving average which suggest weak trend. Based on falling trend line of last few trading sessions, Zinc future prices are likely to fall further.
MCX Zinc March contract opened at 111.05 per Kg. It tested lower levels of 109.10 during the day. It last traded at 109.35.The contract faces resistance near 113 while its support is seen near 107.50.
Short term traders can sell MCX Zinc March contract near 110.40 with stop loss of 112.50 and can wait for target of 108