Buy Silver Around 67500 Sl Below 67100 TGT 67900/68200 - Axis Securities Ltd
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ZINC
Zinc prices edged lower in last trading session after it broke the strong support zone of 234 and drifted lower towards 230 level. Overall trend is looking negative for prices as it is tradign below 9 and 20 days EMA and RSI is also below 60 level indicating low momemtum in prices. Traders can sell Zinc on rise around 234 for the target of 233 on intraday basis.
SELL ZINC AROUND 234 SL ABOVE 235 TGT 233/232
SILVER
Silver prices edged lower in last trading session and it closed near the day's low near 67500 level. Overall trend is bearish for price as it is trading below 20 and 60 days EMA and RSI is also below 60 level indicating low momemtum in prices. However we have observed divegernce in prices with RSI on hourly chart. Which indicate possible reversal of prices. Traders can buy Silver around 67500 for the target of 67900 on intraday basis.
BUY SILVER AROUND 67500 SL BELOW 67100 TGT 67900/68200
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