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ALUMINIUM:

OBSERVATIONS:

Aluminium trading range for the day is 202-205.8.

Aluminium seen supported by Chinese policy support

China's imports of aluminum increased by 28% in 2023

China's central bank injects $140 billion into banking system

BUY ALUMINIUM FEB @ 203 SL 201 TGT 205-206. MCX

COPPER:

OBSERVATIONS:

Copper trading range for the day is 724.2-736.4.

Copper gains due to optimism on policy support in China.

China's central bank announced a deep cut to bank reserves, injecting $140 billion into the banking system.

The global refined copper market showed a deficit of 119,000 metric tons in November.

BUY COPPER FEB @ 729 SL 725 TGT 733-736. MCX

ZINC:

OBSERVATIONS:

Zinc trading range for the day is 225.2-229.2.

Zinc dropped as subdued demand outlook from China weighed on sentiment.

China's cabinet pledges to stabilize market confidence

Global zinc market deficit increased in November 2023

BUY ZINC FEB @ 226 SL 224 TGT 229-231. MCX

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