Tuesday, 30 May 2017

Intraday Call for Zinc

DSR Broking

Zinc - Buy 170.20  TGT Made at 171.20 - 172 SL below 169

R1- 170.45                               S1 - 169.45
R2 - 171                                   S2 - 169
R3 - 172                                   S3 - 168

Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 168-167-.Resistance for the Zinc is 173-178-180-

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