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Aluminium

BUY ALUMINIUM APR @ 371 SL 368 TGT 374-377. MCX

Observations

Aluminium trading range for the day is 365.7-380.7.

Aluminium prices rallied as traders continued to assess the scale of damage to global supply.

China aluminium production up 2.7 % to 3.85 mln metric tons in March

Aluminium stocks at three major Japanese ports fell to 279,800 metric tons at the end of March, down about 7.4% from the previous month.

Copper

BUY COPPER APR @ 1260 SL 1250 TGT 1274-1284. MCX

Observations

Copper trading range for the day is 1254.5-1292.1.

Copper dropped on profit booking after prices gained supported by worries about shortages of sulphur used to process the metal.

Earlier, support seen underpinned by prospects of a potential U.S.-Iran peace deal to end the war.

Citi expects copper at $13,000 a metric ton near term on easing geopolitical risks

Zinc

BUY ZINC APR @ 338 SL 335 TGT 341-344. MCX

Observations

Zinc trading range for the day is 337.3-343.7.

Zinc gains underpinned by prospects of a potential U.S.-Iran peace deal to end the war.

Prices also gained supported by improving industrial activity and signs of short-term supply tightness.

China's central bank pledged to maintain appropriately loose monetary policy.