Mcx zinc December future is trading at 102.65 with gain. On the daily chart, the trend is down but momentum had given reversal and zinc showing strong recovery sign. Yesterday zinc hit a low near 101 and made bottom on an intraday chart.
For today, zinc future support zones are 101.4 and 100 and these will remain as fresh buyers entry points. On the upside, 103.85 and 105.5 are resistance zones and target levels for short term traders.
For intraday traders keep a long view on zinc for targets of 103.85+. Fresh buying suggested at or below support levels for best risk reward ratio.