ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-134 R1-132 S1-128 S2-126
Zinc futures were trading tad lower in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the base metal amid weak physical demand for zinc in the domestic spot market.
At the MCX, Zinc futures for June 2014 contract is trading at Rs. 130.45 per 1 kg, down by 0.08 per cent, after opening at Rs. 130.60, against the previous closing price of Rs. 130.55. It touched an intra-day low of Rs. 130.35.
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