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ALUMINIUM:

OBSERVATIONS:

Aluminium trading range for the day is 200.3-203.3.

Aluminium dropped as sentiment over China's economic activity continues to be clouded

China's official PMI data showed factory activity contracted, the fourth straight month of contraction

Aluminium SHFE inventories rose 4.6% from last Friday

BUY ALUMINIUM FEB @ 201 SL 199 TGT 203-204. MCX

COPPER:

OBSERVATIONS:

Copper trading range for the day is 717.8-728.2.

Copper fell on concerns about demand China, patchy global industrial activity

Copper inventories in Shanghai Futures Exchange warehouses are up 36%

Ongoing worries about China's real estate sector and Fed policy are impacting demand

BUY COPPER FEB @ 720 SL 716 TGT 724-727. MCX

ZINC:

OBSERVATIONS:

Zinc trading range for the day is 216.8-222.2.

Zinc dropped amid as SHFE inventories rose 23.10% from last Friday

Data showed contraction in manufacturing activity in China and a stronger dollar

Global factories delivered a largely patchy performance at the start of 2024

BUY ZINC FEB @ 218 SL 215 TGT 221-223. MCX