Thursday, 7 August 2014

CAPITAL STROKE UPDATE 7-August-2014 : MCX ZINC


ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-149 R1-147 S1-143 S2-141
Zinc futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.


At the MCX, Zinc futures for August 2014 contract closed at Rs. 144.60 per 1 kg, down by 0.48 per cent, after opening at Rs. 145.05, against the previous closing price of Rs. 145.30. It touched an intra-day low of Rs 143.20.


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