Tuesday, 26 August 2014

Industrial Metals Market Exchange

Zinc August prices are expected to have intraday support at Rs142.0 and prices can trade sideways to higher. Prices on higher side can face resistance at 143.5 again. 

Lead August prices are expected to have intraday resistance at Rs.137.50 and prices can give temporary upside above this and can test 139.0. On lower side prices have support at Rs.135.5.

Nickel August prices are expected to trade range bound to higher. Prices are expected to have intraday support at Rs1125 and buying should emerge there. On higher side prices have resistance at Rs.1140 and Rs.1150. Prices should not fall below Rs.1115 to hold positive view.

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