Zinc trading range for the day is 147.9-151.9.Zinc on MCX settled up 0.94% at 150.45 gained to settled above 150 mark tracking firmness from LME Zinc which hit a 14-month top on worries over falling mine output. 

                                         Zinc has been investors' favourite this year, surging 39% so far as closures and suspensions of major mines tightened concentrates supply. Zinc hit a 14-month top on worries over falling mine output. Zinc has been investors' favourite this year, surging 39 % so far as closures and suspensions of major mines tightened concentrates supply.

At the MCX, zinc futures for July 2016 contract is trading at Rs 150.20 per kg, down by 0.17 %, after opening at Rs 150.15, against a previous close of Rs 150.45. It touched the intra-day low of Rs 149.45.

 Technically market is under fresh buying as market has witnessed gain in open interest by 9.79% to settled at 13690 while prices up 1.4 rupee, now Zinc is getting support at 149.3 and below same could see a test of 147.9 level, And resistance is now likely to be seen at 151.3, a move above could see prices testing 151.9.

We are provide all Commodity Market Tips, Intraday Trading Tips, Free Equity Tips on Mobile and one day free trial to content this no 9827808090.