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Friday, April 28, 2017

Update on Basemetals 28 April 2017






Nickel 





Support at 590 and resistance 610

Weekly close above 610 will take it to 635+++ mark in days to come

Panic will see on close below 590.





Lead 





We recommended buying in lead around 143.20—143.50, just made high of 144.90

Now what to expect??

Hurdle at 145.00, close above 145 will take it to 146.50—147.00 and then to 148.50

Support at 142.00



Zinc






Hurdle at 171. Break and sustain above 171 will take it to 173.50---174.00 and then to 176.50+++ mark in days to come else could touch its support level of 168---165.50 again.

Fresh selling can be initiated below 165.50



Aluminium






Support at 122 and resistance 126

Trading in range ..either side breakout with volumes will decide further, till than traders can trade in range with strict stop loss.















More will update soon!!