MCX Zinc May futures is dealing in back and forth to good area. MCX Zinc
May future prices started out these days at Rs 104.50. It is dealing in
good area these days at Rs 104.73 up by 0.61%, against its past ending
of Rs 104.21 per Kg.
MCX Zinc has given break out above levels of
104.52. Zinc corrected from 107.80 levels to 103.30. After forming
bottom, zinc has started its up move. If Zinc sustains above this level,
the up move will continue and levels of 106 can be seen in short term.
Intra-day
traders advised to Buy MCX tips Zinc May future between levels of Rs.
104.70-104.72 with target of Rs.105.40 and Stop loss of Rs.104.10.
MCXCrudeOil May is currently trading at INR 5082,it is trading up by INR 12 for the day.
Crude Palm Oil futures rose in MCX on firm spot demand along with rising overseas demand.
In
MCX Crude palm oil June agreement is dealing at Rs.580.40 per Kg,
greater by 0.46% against the past near. Start interest of the agreement
was standing at 5107 plenty and amount exchanged is 311 lots.
