Friday, 11 July 2014

CAPITAL STROKE UPDATE 11-July-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-140 R1-138 S1-135 S2-133
Zinc settled up as support seen due to weakness in rupee despite macroeconomic data released yesterday was mixed. China's import data in June fell short of market expectations, but helped undermine negative effects from China's probe into financing fraud at the Port of Qingdao.

Zinc daily stocks at Shanghai exchange came up by 608 tonnes.

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