Buy Zinc Around 241 SL Below 240 TGT 242/243 - Axis Securities
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Copper
Copper prices edged higher in last trading session after prices broke the strong resistance zone of 725 and rallied higher till 735 level on back the surprise rate cut by China. However prices failed to sustian near the higher level and closed around 731 level. Traders can sell Copper around 735 for the target of 732 level on intraday basis as 735 is the strong resistance zone for prices and it is not able to sustain near the higher level.
SELL COPPER AROUND 735 SL ABOVE 738 TGT 732/729
Zinc
Zinc prices edged higher in last trading session after prices broke the immediate resistance zone of 241 and touched 243 level on intraday basis. Overall trend is looking positve for prices as on daily chart prices has given a breakout on daily chart and has closed above 241 which is a positive sign for prices. Any dips around 241 can be used as an buying opportunity in Zinc for the target of 242 on intraday basis.
BUY ZINC AROUND 241 SL BELOW 240 TGT 242/243
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