Buy Zinc Apr @ 244 SL 241 TGT 248-252. MCX - Kedia Advisory
Aluminium
Observations
Aluminium trading range for the day is 222.4-231.4.
Aluminium rose as funds pumped money into commodities including metals.
The first batch of production resumption may be completed in mid-April, boosting production in April
Goldman Sachs lifts China 2024 growth forecast to 5.0%
BUY ALUMINIUM APR @ 226 SL 223 TGT 230-234. MCX
Copper
Observations
Copper trading range for the day is 806.7-843.3.
Copper gains amid improving demand and low supply in China
China's unwrought copper imports climbed 16% on-year in March
Arrivals of unwrought copper and products in China, rose to 474,000 metric tons in March
BUY COPPER APR @ 818 SL 814 TGT 823-8238. MCX
Zinc
Observations
Zinc trading range for the day is 242.2-253.2.
Zinc gains propelled by increasing conviction that the global manufacturing slump has bottomed out.
Japan's Toho Zinc sees 4.3% drop in H1 zinc output y/y
Data showed that China's refined zinc production was 525,500 mt, an increase of 4.57% month-on-month
BUY ZINC APR @ 244 SL 241 TGT 248-252. MCX
