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ZINC

Zinc prices rallied higher in last trading session after prices broke the strong resistance zone of 218 and rallied higher up till 220.6 level. However on daily chart prices immediate resistance is seen around 221 level and it is trading below 20 days EMA and RSI is also below 60 indicating low momentum in prices. Traders can sell Zinc around 220.5 for the target of 219.5 level on intraday basis.

SELL ZINC AROUND 220.5 SL ABOVE 221.5 TGT 219.5/218.4

LEAD

Lead prices drifted lower in last trading session after prices broke the strong support zone of 160 and touched 158 level on the lower side. On daily chart immediate support zone is seen around 158 level as it is still trading above lower bollinger band indicating low volatiltiy in prices. Traders may buy Lead around 158 for the target of 159 level on intraday basis.

BUY LEAD AROUND 158 SL BELOW 157 TGT 159/160

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