Monday, 8 September 2014

Commodity and Metal Prices

Zinc September prices are expected to have resistance at Rs.145.2-145.5 levels and selling can be seen there. On lower side prices can test Rs.143. Prices should not move above 146.5 to maintain negative outlook.

Lead September prices are expected to have resistance at Rs.133.7-134.0 levels and selling can be seen there. On lower side prices can test Rs.132.0. Prices should not move above 135.0 to maintain negative outlook for the day.

Nickel September prices are expected to have intraday support at Rs.1175.0 and buying can be seen there. Prices on higher side can give fresh breakout above Rs.1190. Prices should not fall below Rs1165 to maintain positive outlook.

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