Buy Zincc SEP @ 219 SL 217 TGT 222-224. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 199.7-203.7.
Aluminium gains driven by China's efforts to bolster its economy.
China's factory activity surprisingly returned to expansion in August, a private-sector survey showed Aluminium stocks at three major
Japanese ports slipped 1.9% to 350,600 metric tons as of end-July
BUY ALUMINIUM SEP @ 200 SL 198 TGT 202-204. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 727.3-743.9.
Copper dropped weighed down by renewed global economic concerns.
Orders for U.S. factory goods declined in July, nearly reversing the prior month's rise
Data released by China and Europe lately reinforced slowing economic activities and fanned fears over an economic recession
BUY COPPER SEP @ 730 SL 726 TGT 734-738. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 217.9-223.3.
Zinc rose 0.11% as China's zinc output fell in August.
Services in China slowed, Euro zone business declined.
China eased homebuyer borrowing rules to boost the economy.
BUY ZINC SEP @ 219 SL 217 TGT 222-224. MCX
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