Buy Zinc Apr @ 222 SL 217 TGT 226-228. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 210.1-223.3.
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 @ 216 SL 213 TGT 220-222. MCX
Copper
Observations
Copper trading range for the day is 762-805.8.
Copper rose amid stronger-than-expected economic data from China.
Both the official and Caixin PMIs in China pointed to an expansion in factory activity during 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 @ 785 SL 780 TGT 795-800. MCX
Zinc
Observations
Zinc trading range for the day is 216-229.8.
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 @ 222 SL 217 TGT 226-228. MCX
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