Hindustan Zinc - Time to exit

I think the time has come to book profits on this segment. While there is a big difference in the tracking the actual price of zinc in world and indian markets, the stock however enjoys high co-relation in prices with the London Stock Exchange.

Yesterday Vedanta Resources got hammered in LSE. More on commodities can be found in this:

www.bloomberg.com/apps/news?pid=20601109&sid=aq7F3ZqvOANg&refer=home

I would book my profits and wait for the next move in the market as the stock has jumped from 494 to 664 in less than 50 days. MACD has not given a divergence but the RSI is close to its high at 65. Given that the external environment is not conducive for the company to generate higher share prices in the short term, I would advice moving from this stock and holding in cash.