ZINC UPDATES - MCX TIPS TODAY 6 August

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Short Term and Intraday Levels Of Zinc :- Currently Zinc is in HOLD SHORT position The Zinc is not giving any clear signal So buy only if close above104.1 and sell below 101.25 The oscillator is showing SELL signal.

Intraday Trend-The Zinc closed in a confusion manner So buy for intraday only above 103.7 with a stop at 101.7 If opens below 101.7 or trade below 101.2 be cautious or go for sell with stop at 103.2

Lead Trend & Tips :- Lead prices can bounce till 105.80 -106, one can sell with a stop loss above 107.

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MCX BULLION TIPS ~ GOLD SILVER UPDATES

MCX GOLD TREND

On the domestic front, prices increased by 0.7 percent on account of depreciation in the Indian Rupee and closed at Rs.29,765/10 gm after touching an intra-day high of Rs.29,784/10 gm on Monday.

MCX Gold Support and Resistance :- Support :- 29600/29450, Resistance :- 29850/29950

SILVER OUTLOOK

On the MCX, July Silver contract rose by 0.7 percent on the back of depreciation in the Indian Rupee and closed at Rs.54,694/kg after touching an intra-day high of Rs.54,940/kg in yesterday’s trading session.

MCX Silver Support and Resistance :- Support :- 54300/53900, Resistance :- 54900/55200

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