Mtechtips ZINC MCX BUY AT 96.2 STOPLOSS 95 TGT 98.5 TGT 100.0

Mtechtips ZINC MCX  intraday trading analysis 29-10-2012

Mcx zinc oct future For short term traders expect technical bounce and if price bounce back upto 101 or above then only go short for new positions while those having shorts in hand can trail there stoploss above 104 for target of 96-95. from medium to long term traders hold bearish view below 103-105 resistance zone.for the target of 95 and then 90. as global risk on and weak economic data certainly make pressure on base metal prices.

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