Buy Aluminium Feb @ 201 SL 199 TGT 203-204. MCX - Kedia Advisory
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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
