Wednesday 13 August 2014

CAPITAL STROKE UPDATE 13-August-2014 : MCX ZINC




ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-146 R1-144 S1-140 S2-138

Zinc paced gains amid signs demand is improving in China, the biggest consumer.
Zinc inventories monitored by the Shanghai Futures Exchange fell 1.9 percent last week to 199,449 tons, the lowest since December 2009.

Zinc stockpiles monitored by the LME, down 23 percent this year, climbed 1.3 percent to 715,650 tons, the highest since May data showed

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