ZINC DROPPED ON SHORT SELLING AT MCX
Date: 10/04/2012
The gloomy news out of China that shown acceleration in its inflation and weak US job payrolls data weighed down the metal. However thin trading amidst the LME closure pared huge losses in the metal.
MCX Zinc is likely to find support at R 101.7 per kg and R 101.3 per kg and resistance at R 103.4 per kg to R 104.2 per kg on Tuesday, 10th April.
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