MTECHTIPS MCX ZINC INTRADAY trading analysis 23-05-2016

MTECHTIPS MCX ZINC INTRADAY trading analysis 23-05-2016
Mcx zinc future this week closed with loss at 125.4. This week zinc given dip below 125 and touched lower levels up to 121.95 my tgt was 120.5.For next week, below 125 expect mcx zinc downtrend and tgts of 120.5 and then 112.On mcx zinc weekly chart, support zones as well as tgts are now at 123.25 and 122.25. On upside 126.3 and 128 are strong resistances.From long term view, downtrend will start below 119 levels only.

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