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Published on 13/01/2021 5:31:59 PM | Source: Axis Securities Ltd

Sell Zing Below 218.50 Sl Above 219.50 TGT 217/216.50 - Axis Securities Ltd

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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ZINC

MCX Zinc price is failing to break the i resistance line, price is expected to | trade negatively. Any breakdown | below 218.50 would drag down the price lower towards 217/216.50 levels in intraday. The momentum indicator RS] is trading at 46 it shows La get bearishness in the prices.

SELL ZINC BELOW 218.50 SL ABOVE 219.50 TGT 217/216.50

 

SILVER

MCX Silver price is trading near the support of the rising trend line channel, price is expected to trade negatively. Any breakdown below 65700 would drag down the price lower towards 64800/64500 levels in intraday. The price has been trading below 60 hourly EMA which is a bearish sign for the prices.

SELL SILVER BELOW 65700 SL ABOVE 66300 TGT 64800/64500

 

 

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