MCX Zinc is expected to note a downtrend at the international market. The downside movement may be noted due to recent drop with higher cancelled warrants at LME warehouses in case of MCX zinc. MCX Zinc fell by 25 tonnes yesterday after 175 tonnes gain last week while cancelled warrants rose to 12.81%. Support for MCX Zinc August contract is seen at Rs.106.5 while Resistance is seen at Rs.109.5. The MCX (Multi Commodity Exchange is in a positive zone. after a rise of 8.21 points, or 0.23% on Tuesday. The MCX Market is in a positive trend and now the main gainers and losers at MCX is as follows.
Losers at the MCX
MCX POTATOTRWR - September contract, (3.89%) with open interest of 5.
MCX POTATOTRWR - August contract, (2.86%) with open interest of 108.
MCX Nickel - September contract, (2.33%) with open interest of 22,010.
Gainers at the MCX
MCX COTTON CAKE AKOLA - August contract, (3.01%) Open interest of 5.
MCX Cardamom - July contract, (1.64%) with open interest of 108
MCX COPPER1KG - August contract, (0.74%) with open interest of 22,010.
MCX POTATOTRWR - September contract, (3.89%) with open interest of 5.
MCX POTATOTRWR - August contract, (2.86%) with open interest of 108.
MCX Nickel - September contract, (2.33%) with open interest of 22,010.
