The Zinc can remain Bearish. Metals prices come under pressure after the data pointed to a slowing down of the economic growth in China. On Thursday, weaker than expected China’s Data, Industrial Production, retails dales and fixed investment data has ignite worries of slowdown in the nation which in turn has hit the demand expectation and which leads to the pressure on the base metals prices. In MCX, Zinc fell down by 5.75 points and ended at 211.80 as compare to the last week closing price of 217.55. We can expect more selling pressure on the prices of Zinc in coming days. Sell on High strategy would be better to follow in upcoming days.
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