Thursday, 12 June 2014

CAPITAL STROKE UPDATE 12-June-2014 : MCX ZINC


ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-129 R1-126.5 S1-123 S2-121
Zinc ended with losses as pressure seen after the World Bank lowered its expectations of global economic growth to 2.8%.
The housing vacancy rate in China’s cities and towns reached 22.4% in 2013, causing market concerns and depressing market sentiment.

Zinc daily stocks at Shanghai exchange came down by 603 tonnes.

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