Buy Zinc Apr @ 236 SL 233 TGT 240-242. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 218.1-227.9.
Aluminium dropped on profit booking after support seen as Japanese buyers paying higher premiums.
Support also seen amid stronger-than-expected economic data from China
from China U.S. manufacturing expanded for the first time in 1-1/2 years in March.
BUY ALUMINIUM APR @ 222 SL 220 TGT 225-227. MCX
Copper
Observations
Copper trading range for the day is 796.9-852.9.
Copper rose helped by demand from momentum-following funds, strong German industrial data
Chile copper exports total $4.09 billion in March
Japanese copper smelters' H1 output seen rising 4.2% y/y
BUY COPPER APR @ 815 SL 810 TGT 822-828. MCX
Zinc
Observations
Zinc trading range for the day is 231-244.8.
Zinc gains as more smelters will undertake maintenance in April
Data showed that social zinc inventory fell by 8,300 mt to 199,500 mt.
The global zinc market moved to a surplus of 58,700 metric tons in January
BUY ZINC APR @ 236 SL 233 TGT 240-242. MCX
