Zinc
Clearly indicated that be cautious at upper levels in Zinc as it made a high of 157.85 and slipped. CMP 151.50
Now what to expect???
Two consecutive closes below 152.00 will take to 147---143 mark
Fresh buying can initiate only close above 158
Traders can sell and accumulate Zinc on rise with very small small quantity with stop loss of 158.00 on closing basis for the downside target of 147---143
Lead
Panic continues and made a low of 125.30 and trading around 125.50
Now what to expect???
Support at 125 and Resistance at 128---131
Close below 125 will take to 121---118 mark else it could test its resistance level of 128---131 but chances are unlikely to breach its resistance level of 131 in near terms
Traders can sell and accumulate Lead on rise around 125---128 with stop loss above 131 on closing basis for the initial target of 121---118
Aluminium
Panic continues and made a low of 104.35. We clearly indicated Aluminium to sell around 111 and below 108.50/107 mark
Now what to expect???
Two consecutive closes below 104.50 will take to 103---102 and then to 100.50 mark in days to come
Hurdle and revise stop loss of 106.00
Nickel
Not able to cross the resistance level of 700 and crashed vertically again
Trading in a range of 650---700
Either side break or close with volume will decide further. Till then traders can trade in a range with strict stop loss and wait for confirmation
Copper
Support at 311 and Resistance at 315.50
Two consecutive closes below 311 will take to 308---305 and then to 298 mark in days to come else it could test its resistance level of
315.50
Further upside rally will see only close above 315.50
Trade with levels only
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