Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
zinc
The Zinc futures contract on the Multi Commodity Exchange (MCX) has been moving in a sideways range, between ₹162a kg and ₹171 , for almost a month.
Within this range, the contract had risen in the past week and is hovering below the upper end of the range at ₹170. It was at a high of ₹170.7 on Tuesday and has come off slightly from there.
The contract is currently trading near ₹169. An inability to rise again from current levels and break above ₹171 decisively may pull the contract lower to ₹165 and ₹162 in the short term.
In such a scenario, the ₹162-₹171 sideways range will remain intact for some more time. But if the MCX-Zinc futures contract manages to rise decisively above ₹171 and the 200-day moving average resistance at ₹171.3 in the coming days, it can gain fresh momentum.
Such a break can take the contract higher to ₹175 initially. A further break above ₹175 will increase the likelihood of the contract extending its rally to ₹180 or even ₹185 levels thereafter.
The range support at ₹162 will continue to remain as a crucial level to watch.
The outlook will turn negative only if the contract declines below this support decisively. Such a fall will increase the downside pressure and drag the contract lower to ₹155 or even ₹150 going forward.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Option price falls more than it rises for the same change in underlying
A long-term vacation here is worth a check-in
The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
While good writing wars against the cliché, television gives it a natural home
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
The storming of the Capitol on January 6 could be the prelude to yet another chapter in the US’s long and ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor