I
have given below the charts of Leadmini and Zincmini
CHART OF LEADMINI FOR THE MONTH OF AUGUST
Leadmini
has managed to retain the momentum it gained from 17th onwards. It
appears to have met resistance at 110. Leadmini has reached overbought zone and
may witness selling happening.
CHART OF ZINCMINI FOR THE MONTH OF AUGUST
The
above chart of Zincmini clearly shows that it is declining. Zincmini is likely
to lose more value in the coming trading sessions. It is in a bearish zone. The
first support level has been broken and indicators like MACD and SMI do not
indicate a reversal.
The
spread gap has increased to 8.8. One should wait for a reversal to construct a
bull spread.
For
intraday traders I have already posted the pivot levels in this blog.
Happy
trading!!
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