Experts advise to wait for profit booking before taking any position in Zinc
The Religare Commodities Vice President advised investors to invest in zinc after some profit booking and take a buy position at around Rs 172 levels maintaining strict stop loss at Rs 169 and book profits when it reaches in the range of Rs 180 to Rs 184.
Globally demand for zinc is not clear after one month and China may curtail its zinc consumption in next month. Reuters