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ALUMINIUM:

OBSERVATIONS:

Aluminium trading range for the day is 200.2-205.2.

Aluminium pared gains on profit booking after 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 @ 201 SL 199 TGT 203.5-205. MCX

COPPER:

OBSERVATIONS:

Copper trading range for the day is 726.2-734.2.

Copper remained srteady 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 @ 725 SL 721 TGT 730-734. MCX

ZINC:

OBSERVATIONS:

Zinc trading range for the day is 225.7-231.5.

Zinc settled flat after prices rose due to cut in bank reserves in China

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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