India, Jan. 20 -- Technically Zinc market is under short covering as market has witnessed drop in open interest by 6. 21% to settled at 1329 while prices up 3.25 rupees.
Now MCX Zinc is getting support at 215.4 and below same could see a test of 213.5 levels and resistance is now likely to be seen at 218.3 a move above could see prices testing 219.3.
Zinc yesterday settled up by 1.52% at 217.15 as investors wagered China's economic strength would help underpin growth in the region even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
With the continuous fermentation of the global pandemic the global economy is still highly uncertain. Countries strengthened the pandemic prevention and control measures to supp...