News with Tags "Zinc"

Sharekhan has come out with its report on Zinc. According to the research firm, the price of the metal is expected to fall towards the lower channel line of Rs 94 and the intermediate support is at Rs 96.30.

Zinc buckles under pressure

As can be seen from the chart, MCX Zinc formed a large wedge pattern, which got over at the high of 119.10. From there, the commodity has fallen sharply. Recently, it formed an ending diagonal and broke out on the upside. However, the bounce couldn’t extend beyond the junction of the 40-daily exponential moving average and the daily upper Bollinger Band. From there, zinc started a fresh move down. The daily momentum indicator has given a fresh sell signal. Unless the 20-daily moving average (Rs 100.80) is crossed on a closing basis, the price is expected to fall towards the lower channel line, ie Rs 94. The intermediate support is at Rs 96.30.

 

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Geojit Comtrade has come out with its report on Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Lead and Zinc. According to the research firm one can sell MCX Gold April Future around Rs 29450 with stoploss above Rs 29520 for a target of Rs 29300.

MCX Gold April: Sell around 29450 levels with a stop loss placed above 29520 levels for targets of 29300 levels.
 
MCX Silver May: Sell around 54700 levels with a stop loss placed above 55200 levels for targets of 54100 levels.
 
MCX Crude March: Sell around 5000 levels with a stop loss placed above 5030 levels for targets of 4940 levels.

MCX Natural Gas March: Buy around 195 levels with a stop loss placed below 192 levels for targets of 199 levels.
 
MCX Copper April: Sell around 428 levels with a stop loss placed above 430 levels for targets of 424 levels.

MCX Nickel March: Sell around 910 levels with a stop loss placed above 920 levels for targets of 890 levels.

MCX Lead March: Sell around 121 levels with a stop loss placed above 122 levels for targets of 119 levels.
 
MCX Zinc March: Sell around 108.50 levels with a stop loss placed above 109.50 levels for targets of 106 levels.

MCX Aluminium March: Sell around 107 levels with a stop loss placed above 108 levels for targets of 105 levels.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.