Sell Zinc Around 254 SL Above 255 TGT 253/252 - Axis Securities Ltd
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ZINC
Zinc prices edged lower in last trading session after it failed to sustain near the resistance zone of 255 and drifted lower after it broke the support zone of 254 down till 251.5 level. Overall trend is negative for price as it is trading below 9 and 20 days EMA and RSI is also below 60 level. Any rally up till 254 may be used as an selling opportunity for the target of 253 on intraday basis.
SELL ZINC AROUND 254 SL ABOVE 255 TGT 253/252
SILVER
Silver prices traded volatile in last trading session. Prices closed around 63300 level. Overall trend is looking negative for prices as it is trading below 60 and 20 days EMA and RSI is also below 60 level indicating low momemtum in prices. Traders can sell Silver around 63500 level for the target of 63200 on intraday basis.
SELL SILVER AROUND 63500 SL ABOVE 63800 TGT 63200/62900
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