Zinc futures saw a spike on MCX, buoyed by a ceasefire in the Israel-Iran conflict and a weaker dollar. Traders remain cautious amid tight consolidation. Religare Broking expects a breakout above Rs 259, backed by strong retail data from China. Long positions advised above Rs 253 with targets of Rs 260–264.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets