Technical Outlook & Trading Strategy:-
We reiterate our bearish bias on the price of Zinc. As we had pointed out in our previous daily trading note the price of Zinc witnessed a sharp fall during the previous session of trade.
Since, the overall price structure remains bearish traders can look to go short around current levels.
We recommend traders to sell between Rs 100.60--Rs 101.40 levels with a stoploss placed above Rs 102.70 levels for downside targets of Rs 99.50 / Rs 98.75 levels, expected to be achieved over the upcoming 2-3 sessions of trade.
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