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10-04-2024 12:22 PM | Source: Kedia Advisory
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

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