Wednesday, January 26, 2011

Sure Shot Zinc Trading Tips


This counter last week shown weakness as we expect & mention. Now this week keep your eyes on level of 104.7, till its maintain above this level, you can keep buying. For intraday  trading keep your eyes on level of 105.65, if it maintain above this level and once cross 107.7, you can keep buying in your hand. 

As well as keep your eyes on opening level of 106.85, if it open above this level, you can keep buying and if it opens below 105.6, you can keep shorts in your hand. Over all looks weak, if it holds support level, you can keep buying with some strict stop loss. Today it will face resistance 106.8-107.7 & support 105.65-105.

This counter continuous down trend and again maintain at down trend and 106.00 and 108.00 level below down moment in counter and low side 101.00 below touch at 97.00 and 94.00 level in coming trading days ..........
Zinc (MCX-Jan'11): Zinc taken strong support near 101 and can bounce back till 107. Before expiry this counter may try to close around 105. 

This counter yesterday shown again weakness as well as its break level of 104.7, but its not given closing below this level, now its looks still weak till 102.5-101.

 Today keep your eyes on level of 107.7 only above this level, you can think for confirm up move and till its maintain below 105 keep shorts with some strict stop loss. Today it will face resistance 105.5-106.8 & support 102.5-101.

1 comment:

  1. Very impressive post this is from trading point of view. Traders can learn a lot here. For market experts sample calls and updates follow epic research.

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