Monday 1 September 2014

CAPITAL STROKE UPDATE 1-September-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-147 R1-145 S1-141 S2-139

Zinc settled up by 0.6% as prices ended with gains due to positive US economic data.

In the US, the GDP growth was reported at 4.2% for the second quarter, and the latest initial jobless claims came in lower than expected.

Zinc weekly stocks at Shanghai exchange came down by 417 tonnes.

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