AHMEDABAD (Commodity Online): Zinc has moved up by 2.74% in the afternoon session due to Euro gain against Dollar. In the opening session Zinc follows the yesterday closing trend and made a intraday low of 78.9. While Zinc intraday high is 83.05. Total volume for the day is 25131 lots and open interest is around 7485. Support for Zinc can be seen at 80 and 75. Resistance level could be at 85. Zinc is increased from 74.35 to 83.05 in last 3 days. 14 days RSI for Zinc is at 45 and it is increase due to buying pressure. “Technically, one can long Zinc at 81 with a stop loss of 80 for target of 83,” said Hardik Shah, Sr. Commodity Analyst with Commodity Online. “Fundamentally, Zinc is strong. One can make a long position at 78 levels for long term.” Said Shah. To get in touch with the Analyst on this report, please mail to tips@commodityonline.com

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