🔥🔥💯💥** IMP TRADER CHEATING: when people like me giving tips with the stoploss and targets.. then operators will be there in every forum. Who is operators they are having a group of members with hundreds of duplicate ID's then they keep post tips one day they succeed and next ...
Sell zinc 187.8 to 188 SL 190 target 185 183. Intra and positional Already my targets hit in zinc...
💯💥🤩🤩😍😍😍 first target achieved almost near second target low made 184.2 small traders always book profit and big traders book 70 percent and 30 percent for more down. .. again enjoying profits from yesterday..
Due to trade war news between us and China markets are going in a high volume any thing can happen carefully any call do with proper SL if you follow all my calls still you will be in huge profits I keep update you.. take care..
Sell zinc 187.8 to 188 SL 190 target 185 183. Intra and positional
Already my targets hit in zinc but positional targets were not achieved any way given to book for small traders and big traders 50 percent incase If you still hold u can hold else do with the fresh levels. ..
@kishtaiah intra may not possible because already today only half trading session.. so levels will be little difficult... But long run zinc will hit 178 to 180 before any up move... What's your lot size ? Also if u have capacity you do all my calls one lot definitely you will be ...
Zinc is one of the metal commodities that has been traded through MCX. MCX stands for the Multi Commodity Exchange. MCX is the exchange where you can trade commodities such as gold, silver, nickel and agricultural products like cotton, coffee, turmeric, etc. just like the BSE exchange where stocks of companies are traded. The trading mechanism done through MCX is pretty transparent, and it is disciplined with the regulatory framework
Zinc is the fourth most broadly used metal in the planet after steel, copper and aluminium. It occurs in the earth's crust naturally, and it is the 24th most abundant component, with about 1.9 billion tonnes of known resources. It has a unique characteristic of being hard and brittle at most temperatures but becomes pliable between 100 °C and 150 °C. It is a great conductor of heat and electricity. It burns with a bright bluish-green flame, giving off zinc oxide fumes.
Zinc is also an indispensable trace element and vital for plants, animals, and microorganisms. Nevertheless, high levels of zinc exposure through breath, ingestion, and dermal contact could cause adverse health consequences. Zinc has excellent resistance towards non-acidic atmospheric corrosion, which makes it a vital element in extending the life of buildings, ships, vehicles, and so on. Zinc coating is majorly used in galvanized steel, as it's a great anti-corrosion agent. It also has industrial uses such as automobile, fungicide, rubber, chemical industries, battery, petroleum, and paint —a few among the many industrial applications it is being put to today.
Reasons for trading Zinc:
There are several advantages of trading and investing in metal commodities, especially in zinc commodity. With the expected growth and demand of this base metal, one can assure considerable returns in the future.
Indian mines are producing world-class zinc, which is not only used in household consumption and also in the country’s exports.
By investing in this commodity, you can protect your portfolio from short term zinc price fluctuation. Furthermore, it is recommended to keep some commodity stocks in the heavily-loaded equity portfolio.
Factors Influencing Zinc Prices:
In India, the Zinc rates are fixed based on the prices that rule in INR-USD exchange rates and the international spot market.
Zinc prices can be affected by a lot of economic events such as the national industrial growth, global financial crisis, deflation, recession, and inflation etc. Even the geopolitical happenings heavily influence zinc prices and cause significant changes.
“Demand and Supply” is one of the determinants which drive the prices of zinc. Furthermore, as time, society develops, it can lead to higher zinc demand based on the financial position.
Events restricting the supply of material flow, it could hugely influence the prices of zinc. The trade policies, taken by the government (implementation or discontinuation of taxes, and penalties, quotas) also change the zinc prices massively.
Before trading in Zinc, it's better to know the Contract Specification of Zinc:
The contract starts at 1st of a contract launch month and the last trading day falls on the last day of the calendar of the contract expiry month. If the contract launch date falls on a holiday, then the following day the contract starts. Whereas, if the contract expiry day falls on a holiday, the previous day the contracts expire.
Trading Period: Mondays through Friday
Trading Session: Monday to Friday: 9.00 a.m. to 11.30 p.m. / 11.55 p.m*
Trading Unit: 5 MT
Quotation/ Base value: Rs. /kg
Price Quote: Ex-Warehouse at Chennai district in Tamil Nadu (excludes only GST).
Maximum Order Size: 100 MT
Tick Size (Minimum Price Movement): 5 Paisa per kg
Daily Price Limits Normally, the base price limit will be 4%. Whenever there is a breach in the base daily price limit, the relaxation will be allowed to 6%.In case, if the 6% base price limit the daily price limit will be relaxed up to 9% after a cooling-off period of 15 minutes.
Extreme Loss Margin: 1%
For individual clients: 7000 MT or 5% of the market-wide open position, whichever is higher for all Zinc contracts combined together.
For a member collectively for all clients: 70,000 MT or 20% of the market-wide open position, whichever is higher for all Zinc contracts combined together.
Why join the MCX ZINC Frontpage forum?
MCX ZINC forum is all about discussions related to Zinc rate, trading strategies, market information, and latest news related to MCX ZINC.
You can find MCX Zinc Live Charts shared by experts and other users.
You can also follow the 'Newsbot' account of FrontPage for finding the MCX Zinc rate and all the latest share market news related to zinc and all other stocks.