AHMEDABAD (Commodity Online): MCX Zinc March contract yesterday traded down by -1.3% and settled at 111.95 as crude oil future contract prices continued to rise, weighing down base metal prices. In yesterday's trading session MCX Zinc has touched the low of 111.55 after opened at 113.15, and finally settled at 111.95. For today's session MCX Zinc March contract is looking to take support at 111.3, a break below could see a test of 110.6 and where as resistance is now likely to be seen at 112.9, a move above could see prices testing 113.8. Intraday traders can sell MCX Zinc March contract near 112.2 with the stop loss of 113.2 and wait for the targets of 111.1 and 110.6. MCX Zinc March contract trading range is 110.6-113.8. To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com.

Source