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ZINC

Zinc prices crashed in last sesssion after prices failed to sustain near the day's high and closed around 231.5 level. On daily chart strong support is seen around 230 level. Moreover prices is trading above 20 days EMA which is a positive sign for prices. Traders can buy Zinc around 230 for the target of 231 on intraday basis.

BUY ZINC AROUND 230 SL BELOW 229 TGT 231/232

SOYABEAN

Soyabean prices traded sideways in last trading and closed aroound 7085 level. On hourly chart we have observed range shift in RSI and prices edged higher above 9 and 20 days EMA on hourly chart which is a positive sign for prices. Traders can buy soyabean around 7100 level for the target of 7140 level on intraday basis.

BUY SOYABEAN ABOVE 7100 SL BELOW 7060 TGT 7140/7200

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