Mcx Zinc Report : 28th January 2019

Insignia Consultants

New Delhi

Monday, January 28, 2019

TIME 8:55 AM IST                   

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MCX ZINC REPORT

Industrial metals can rise as US trade sanctions are lifted on Rusal and other Russian companies.

Zinc January 2019: (previous day close/CMP Rs.191.20)

Bullish over 189.20 with 195.30 and 200.20 as price target.

Bearish below 187.60 with 185.90 and 183.90 as price target.

Neutral Zone: 187.80-189.20

One Support: 187.80

One Resistance: 193.10

o      Zinc can rise to 193.10 and 197.30 today as long as it trades over 189.50-190.50 zone.

o      Small sell off will be there below 190.50.

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. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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