Sudden peak in ZINC


#1

@nithin What will be the reason for sudden peak in ZINC today…it moved around 7 points up…this kind of volatile will be very risky for day traders… there is no high volatility in international market…it is observed only in Indian markets…


#2

ITS VERY STRANGE MOVE IN BOTH ZINC-ZINCmini


#3

Most likely it is a fat finger trade, someone might have placed erroneous market order at that time, it quickly reverted back in next minute. These things can happen.


#4

I traded zinc and made loss,zinc is tough market but interesting one


#5

What the hell, today also same peak in zinc,
Zinc me trade karna ya nahi sochna padega


#6

Today I didn’t find anything like you said… every thing is normal.


#7

today it’s because of inr spike,


#8

Plz check zinc (big) 11.00 pm candle on 15 min chart. Sudden spike of 3 rs in 1 second


#9

Yes correct. I always trade in ZINC mini. In mini there is now such peak.


#10

Right, why this is happening?


#11

Today it’s because of USDINR change.


#12

Be careful in ZINC for few days… It can give a sudden peak again…


#13

Then why crude is stable and not behaving like zinc?


#14

May be some other factor also behind this, becaude crude has no such spikes


#15

copper lead and zinc all went up on lme also so with inr spike they all had double impact


#16

Ok, thanks


#17

Crude also went up by 20 points at 11am.


#18

13 points in big


#19

When we calculate in USD metals will be around 2000$ where as crude it’s around 60&


#20

Can I ask you which app you have used for the price of zinc @Menta_Sai_Kalyan