Buy Aluminium AUG @ 195 SL 193 TGT 197-199. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 195.7-198.9.
Aluminium gains following support measures from China
Morgan Stanley lowers China's GDP forecast for 2023 to 4.7% from 5%.
Morgan Stanley lowers China's GDP prediction for 2024 to 4.2% from 4.5%.
BUY ALUMINIUM AUG @ 195 SL 193 TGT 197-199. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 719.9-728.9.
Copper gains as the dollar retreated from a two-month high
China's central bank injected more money into the market to support the economy.
Shanghai warehouse copper stocks down 25.9%
BUY COPPER AUG @ 722 SL 717 TGT 727-732. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 206.7-212.1.
Zinc dropped as LME inventories have surged to a 17-month high
Backwardation in LME zinc strengthened, with the cash contract at a $12.50-a-ton discount to the three-month contract, the biggest discount since July 21
China is targeting 5% annual growth this year.
BUY ZINC AUG @ 208 SL 206 TGT 213-215. MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
