Buy Copper Jan @ 792 SL 788 TGT 796-800. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 241-242.6.
Aluminium dropped as Global primary aluminium output in November rose 3% year on year.
China’s policymakers are planning to boost bond sales.
Global refined aluminum market in short supply of 40,300 tons in October.
BUY ALUMINIUM JAN @ 240 SL 238 TGT 242.5-244. MCX
Copper
Observations
Copper trading range for the day is 787.7-797.5.
Copper settled flat as market participants awaited economic data from China.
Chinese policymakers hope policy support measures introduced late this year will bolster the property market.
On a week-on-week basis, copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 4.7% on Dec. 27.
BUY COPPER JAN @ 792 SL 788 TGT 796-800. MCX
Zinc
Observations
Zinc trading range for the day is 276.7-281.5.
Zinc gains on revived hopes for additional fiscal stimulus in China.
China's refined zinc production in December will increase by over 5% MoM.
Zinc inventories in warehouses monitored by the SHFE fell 24.67% from last Friday
BUY ZINC JAN @ 278 SL 276 TGT 280-282. MCX
