Buy Aluminium NOV @ 206 SL 204 TGT 208-210. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 207-209.4.
Aluminium dropped as markets continued to gauge the demand outlook from China.
Beijing is set to emit CNY 1 trillion in extra debt to spur manufacturing activity and infrastructure construction.
PMI data unexpectedly showed contractions in China’s manufacturing sector
BUY ALUMINIUM NOV @ 206 SL 204 TGT 208-210. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 697.3-716.3.
Copper dropped amid a stronger U.S. dollar and hazy demand outlook for the metal
China's October copper imports jump amid low stocks, solid demand
Copper inventories at the Shanghai Futures Exchange rose by 11.2% to 40,516 tonnes
BUY COPPER NOV @ 702 SL 698 TGT 706-710. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 225-231.8.
Zinc rose on concerns about supply after reports of a fire at a Russian mine project
Adding to supply concerns, LME zinc inventories have more than halved since early September.
Nyrstar said it planned to temporarily close two U.S. zinc mines at the end of November
BUY ZINC NOV @ 227 SL 225 TGT 229-231. MCX
