metals intraday report 6th may 2016

 

metals intraday report 6th may 2016

Mcx base metals pack seen fresh selling as well as strong profit booking by investors.

 

 

Nickel leading the fall with almost 5% plus losses. Which in now heading towards 580-570 levels. Below 606 remain sell for tgt 580 and below.

 

 

Mcx aluminium might test 104 level. While copper below 326 remain weak for tgts 314 and 295.

 

 

Lead and zinc also seeing strong supply from market. Lead is correcting towards 114 and 110 levels. Zinc below 125 remain sell for tgt 120 and 115.

 

 

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