MTECHTIPS MCX ZINC SELL BELOW 107.5 SL 109 TGT 105

Mtechtips ZINC MCX  intraday trading analysis 08-10-2012

Mcx zinc 31 oct 2012 expiry future on last trading session closed at 107.4 with almost 0.5% gains.on daily chart mcx zinc future manage to closed above 3 month level of 107 on weekly closing which is good sign. on upside 108 is weekly level and 109 is monthly level and both these are major short term resistance’s for zinc prices while 3 month level of 107 will be major short term support.on daily chart analysis, stoploss must be strict below 107 on closing basis. sort term uptrend of zinc prices still intact but momentum is bearish.

WWW.MTECHTIPS.COM

07489294118-119