SELL ZINC BELOW 267 SL ABOVE 269 TGT 264/262 - Axis Securities Ltd
GOLD
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 72500 level it would witness buying which would push the price towards 72800-73000 levels. Important support for the day is around 71900.
BUY GOLD ABOVE 72500 SL BELOW 72300 TGT 72800/73000
ZINC
MCX Zinc opened sharply lower with a downward gap and traded with extreme volatility throughout the session. The chart pattern suggests that if zinc breaks and sustains below 267 level it would witness selling which would drag the price towards 264-262 levels. Important resistance for the day is placed at 271.50.
SELL ZINC BELOW 267 SL ABOVE 269 TGT 264/262
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