EPIC RESEARCH MCX ZINC UPDATE OF 30 DECEMBER 2016

Zinc trading range for the day is 166.7-177.5. Zinc on MCX settled down -3.13% at 170.45 slipped as profit-taking set in after previous gains. Sentiments also dropped as China’s demand for the metal is expected to slow down in the course of 2017. Technically market is under long liquidation as market has witnessed drop in open interest by -32.17% to settled at 2380.

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