Powered by: Motilal Oswal
07-02-2024 12:45 PM | Source: Kedia Advisory
Buy Zinc Feb @ 216 SL 213 TGT 219-222. MCX - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Aluminium

OBSERVATIONS:

Aluminium trading range for the day is 197.7-204.3.

Aluminium gains as efforts by China to stabilise its markets.

China's export of aluminium covered by EU carbon tax down 30% in 2023

Japan's imports of primary aluminium fell 26% to 1.03 million metric tons in 2023

BUY ALUMINIUM FEB @ 201 SL 199 TGT 203-204. MCX

Copper

OBSERVATIONS:

Copper trading range for the day is 714.2-720.2.

Copper gains due to hopes for more supportive measures from China.

China's central bank conducted reverse repos and reduced the reserve requirement ratio.

Copper inventories in LME-registered warehouses are at five-month lows.

SELL COPPER FEB @ 714 SL 710 TGT 718-722. MCX

Zinc

OBSERVATIONS:

Zinc trading range for the day is 215.7-219.7.

Zinc gains as Russian new zinc mine delays start of concentrate production until at least Q3 Global zinc supplies for this year are estimated at around 14 million tons

The global zinc market deficit increased to 71,600 metric tons in November 2023 from a deficit of 62,500 tons in October

BUY ZINC FEB @ 216 SL 213 TGT 219-222. MCX

 

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer