Base metals
Zinc: zinc has a range as pridicted over several years . The level is somewhere arround 97 whereas upper range is 117 . as it heading towards its low so it is a good time to invest arround 98-100 with target in mind set to 110 for two months duration.
LEAD: lead can be bought arround 105 with long term target of 120
COPPER: buying seems to be safe arround 400 if it breaks 398 than further downside is expected upto 380 level othrwise it can be kept for target of 430
Zinc: zinc has a range as pridicted over several years . The level is somewhere arround 97 whereas upper range is 117 . as it heading towards its low so it is a good time to invest arround 98-100 with target in mind set to 110 for two months duration.
LEAD: lead can be bought arround 105 with long term target of 120
COPPER: buying seems to be safe arround 400 if it breaks 398 than further downside is expected upto 380 level othrwise it can be kept for target of 430
Nickel prices moved up by Rs 3.90 to Rs 920.80 per kg in futures market after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers.
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