MCX Zinc Monthly report for November 2016

Free mcx zinc monthly tips for nov 2016 Free mcx zinc monthly tips for nov 2016 Mcx zinc future on last trading session closed at 164.7 with loss. Mcx zinc future in last series achieved 160 and 162 rupee targets from low of 149.   For month of November 2016, mcx zinc pivot point level is 158.5 and immediate strong support zone. For mcx zinc, below 158.5 on weekly closing basis, trend become bearish and strategy will be sell on rise. Below 158, mcx zinc supports as well as target zones are 152 and then 140. As zinc still trading above 158.5 so keep buy and accumulate view for this base metal and expect targets as well as upside major resistances will be 170 and 177.   Mcx zinc weekly chart price trend and momentum both are strong bullish. Mcx zinc future achieved its first medium term target of 139+ and now heading towards 175. Weekly closing above 175 means super bullish zinc future and rally for targets 196 and then 231 in longer terms.

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Pramod Baviskar

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