MCX ZINC monthly prediction for dec. 2017
Mcx zinc future in month of november closed at 204.4 with huge loss.
for month of december, mcx zinc is in downtrend but in oversold state. on upside 207.5 is major hurdle and below it outlook remain weak and sell for deep downside targets 198 and then 192 rupees.
but if gives recovery and then gives breakout above 207.5 rupee then expect upside target of 805 to 885 till expiry.
from long term view, zinc future almost hit 219 rupee target and now correcting towards 158 rupee long term support.