Buy Copper NOV @ 705 SL 702 TGT 710-714. MCX - Kedia Advisory
Aluminium
Aluminium trading range for the day is 203.9-206.9.
Aluminium dropped on profit booking after supply concerns coincided with rising bets of higher demand.
Japan's October aluminium stocks fell 2% m/m
China’s exports of unwrought aluminium and aluminium semis declined in October, but may pick up in November and December
BUY ALUMINIUM NOV @ 204 SL 202 TGT 206-207. MCX
Copper
Copper trading range for the day is 701.5-715.3.
Copper gains as dollar index slipped below the 105 mark after US inflation data
Chile's Codelco CEO sees copper output in 2023 closing at 1.315 mln metric tons
Peru's copper production up 2.5% in September
BUY COPPER NOV @ 705 SL 702 TGT 710-714. MCX
Zinc
Zinc trading range for the day is 225.1-232.5.
Zinc gains amid expectations of growing demand and risks of supply Support also seen due to supply concerns from incidents like the fire at Russia's
Ozernoye mine and recent suspensions in U.S. mines
China cbank set to boost liquidity injection but keep rate unchanged
BUY ZINC NOV @ 228.5 SL 226.5 TGT 231-233. MCX