Tuesday, 20 May 2014

CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014 : MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-124 S1-120 S2-118 

Zinc prices seen supported amid speculation demand from top consumer China will increase in the near-term.

The next slice of Chinese economic data to come out will be the HSBC preliminary purchasing managers' index for May, due on Thursday.

Technically market is under fresh buying as market has witnessed gain in open interest by 1.28% to settled at 1656.


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