Mcx Zinc Report: 11th October 2019

Insignia Consultants

New Delhi

Friday, 11 October 2019

TIME 9:10 AM IST                         

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MCX ZINC REPORT

(1)   A trade between USA and China result in a short covering rally in zinc to 200 in the short term.

(2)   A complete breakdown in US-China trade talks can result in zinc falling to 173 and 159 in the short term.

(3)   The next seven days is very crucial zinc.

Zinc October 2019: (previous day close/CMP Rs.185.40)

1. Zinc needs to trade over 185.90 till Monday to rise to 196.30.
2. Watch 185.90. Zinc can move 5-6 either side anytime from 185.90.
3. Trend at the moment is bullish.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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