Buy Aluminium Feb @ 253 SL 251 TGT 255-257. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 253 SL 251 TGT 255-257. MCX
Observations
Aluminium trading range for the day is 251.4-257.
Aluminium gains as European Union's plan to gradually ban Russian aluminum imports has sparked concerns.
Market focus will be on whether China announces further stimulus measures to boost its economy.
The European Union's plan to gradually ban Russian aluminium imports has sparked concerns.
Copper
BUY COPPER FEB @ 848 SL 844 TGT 853-858. MCX
Observations
Copper trading range for the day is 834.1-860.7.
Copper rose supported by traction in the world’s largest manufacturing sectors.
US factory activity underwent its first expansion in over two years during January.
Caixin pointed to an expansion in Chinese factory activity, easing earlier concerns from a contractionary NBS PMI.
Zinc
BUY ZINC FEB @ 267 SL 265 TGT 269-271. MCX
Observations
Zinc trading range for the day is 262.8-270.
Zinc dropped as traders weighed the escalating trade tensions between the U.S. and China.
The US delayed imposing tariffs on Canada and Mexico by one month, easing market concerns.
In January 2025, China refined zinc production increased by 1% MoM
