MTECHTIPS MCX ZINC INTRADAY trading analysis 31-05-2016
DAILY :- Mcx zinc future might correct up to 126 me intraday.
WEEKLY :-Mcx zinc future this week closed with strong gains. On weekly chart zinc prices are in a range from last six weeks. On upside 128 is resistance while on downside 122 is support level. For next week, mcx zinc future below 131.3 remain bearish and sell on rise. On downside 126-124 and 122 are support zones as well as targets. On monthly chart, 123 and 112 are support zones and targets if deep correction comes.