Weekly mcx zinc tips for 21 to 25 November 2016
Mcx zinc future this week closed at 173.2 with gain. This was fifth gaining week for super bullish zinc prices. Mcx zinc future achieved my given targets of 170 and 176. Above 176, turned super bullish but not sustained.
Mcx zinc future above 169 remain buy and have potential to test previous high as well as super bullish targets of 187 and 194. If slips below 169 then expect deep correction up to 158 rupees. Mcx zinc future achieved its long term targets of 140 and 175. Next major move only happen above 175 rupee level only.