Mcx zinc future weekly technical analysis report for 29 may
to 2 June 2017
last week’s strong gains on short covering as well as on value buying we saw
follow up buying this week.
bullish swing target of 171 rupees. Though closed below 171 resistance which is
bearish sign. For next week, mcx zinc future has strong resistances at 171 and
172.5 while on downside 168.5 and 164 are support zones as well as target
levels if failed to cross 171 on daily closing basis.
major support of 158 rupee and look like taken support just above it and moving
upside towards investment target of 219 rupees.