Buy Zinc Apr @ 218 SL 215 TGT 221-224. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 207.5-215.9.
Aluminium gains as higher premiums Japanese buyers having to pay boosted sentiment.
Support also seen amid stronger-than-expected economic data from China
U.S. manufacturing expanded for the first time in 1-1/2 years in March.
BUY ALUMINIUM APR @ 211 SL 209 TGT 214-216. MCX
Copper
Observations
Copper trading range for the day is 762.9-774.7.
Copper rose supported by improving demand from China.
China's manufacturing activity expanded for the first time in six months in March.
Prices also remained supported by the outlook of lower supply as Chinese copper smelters moved closer to a joint output cut amid lower ore supplies.
BUY COPPER APR @ 768 SL 764 TGT 772-776. MCX
Zinc
Observations
Zinc trading range for the day is 215.5-224.9.
Zinc gains as strong factory data from China triggered buying.
Support also seen amid concerns over slow recovery in production in China's Yunnan province.
China’s manufacturing activity expanded for the first time in six months in March
BUY ZINC APR @ 218 SL 215 TGT 221-224. MCX
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