Wednesday, 3 September 2014

CAPITAL STROKE UPDATE 3-September-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-149 R1-147 S1-142.5 S2-141
Zinc gained on demand hopes after the US ISM manufacturing index rose from 57.1 in July to 59 in August

Investors remains cautious as zinc prices were moving ahead of supply/demand fundamentals as inventory levels remain high.

Zinc daily stocks at Shanghai exchange came down by 224 tonnes.

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