Yesterday we clearly indicated that base metal looks weak
and on rise will sell. We recommended sell call via SMS too
Have a look on it!!
Zinc
Told to sell below 110 with stop loss of 111.50. It slipped
and made a low of 107.70
Now what to expect???
Still looks weak and could test its support level of 107.50.
Two consecutive closes below 107.50 will take to 106---105 mark in days to come
Revise stop loss of 110 on closing basis
Lead
Told that it looks weak below 107 and could test 105---104
mark. Just made a low of 105.85
Now what to expect???
Still looks weak and could test its support level of
105---104 mark. Further panic seen only close below 104 level in days to come
On rise sell it... Stop loss 108.50 on closing basis
Aluminium
Told to sell below 101.60 with stop loss of 102.60. Slipped
and made a low of 100.40 and now trading around 100.80
Now what to expect???
Below 100.40.... will see further panic till 99.70---99.40.
Three consecutive closes + weekly close below 99.00 will see free fall in days
to come
Revise stop loss of 102.00 on closing basis
More will update soon!!
