Gold Silver Reports — Zinc mining major Hindustan Zinc reported today that its revenues during the quarter were Rs 4,961 Crore, up 79% y-o-y on account of strong zinc & lead prices and higher volume.
MCX Zinc Tips
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Copper-Nickel-Aluminium-Zinc Under Short Covering
Gold Silver Reports — Copper MCX is getting support Key 380 and below same could see a test of 377 level, And resistance Key is now likely to be seen at 386, a move above could see prices testing 389.
Zinc MCX Under Fresh Selling Support Key 162
Gold Silver Reports — Technically Zinc market is under fresh selling as market has witnessed gain in open interest by 1.55% to settled at 4835 while prices down 0.1 rupees.
MCX Zinc is getting support at 162 and below same could see a test of 160 level, And resistance is now likely to be seen at 168, a move above could see prices testing 170.
Zinc MCX Day Range Between 154 —165
MCX Zinc Market Under Short Covering Support Key 156
Zinc MCX Strong Support Key at 158
Gold Silver Reports — Technically Zinc market is under fresh selling as market has witnessed gain in open interest by 15.55% to settled at 5084 while prices down 2.65 rupees.
Zinc MCX Start Fresh Buying Support Key 162
Zinc MCX Expected Trading Key Between 162—169
Gold Silver Reports — Zinc on MCX settled up 0.91% at 166.7 tracking rise in LME prices by 0.5 percent at $2,582 despite further losses in steel and iron ore prices. Also zinc consumption softened recently after China strengthened environmental protection actions in Northern regions.