Buy Aluminium Feb @ 201 SL 199 TGT 203.5-205. MCX - Kedia Advisory
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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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