MCX Zinc REPORT: 22nd AUGUST 2019

Insignia Consultants

New Delhi

Thursday, 22 August 2019

TIME 9:55AM IST                          

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MCX ZINC REPORT

Zinc will break free from the recent consolidation phase and form a new range anytime soon. Key medium term support is at 178. As long as zinc trades over 178, downside risk will be limited. Risk to zinc prices is continued global trade war in September.

Zinc August 2019: (previous day close/CMP Rs.185.10)

1. Zinc is bullish and can rise to 190.00 as long as it trades over 181-182 zone.
2. Crash will be only if zinc trades below 182.00.

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

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

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