Buy Zinc Mar @ 217 SL 215 TGT 220-222. MCX - Kedia Advisory
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Aluminium
Aluminium trading range for the day is 203-205. Aluminium gains as aluminum ingot inventory rose at a slower pace. Global aluminium output rises 3.9% year on year in February – IAI Aluminum smelters in China’s Yunnan province resumed smelting due to improved power supply policies
BUY ALUMINIUM MAR @ 203 SL 201 TGT 205-206. MCX
Copper
Copper trading range for the day is 747-761.2.
Copper dropped amid looming concerns over the strength of the Chinese economy
Chinese deliverable copper inventories on the week ending March 15th, magnifying seasonal restocking
China's refined copper production in January and February rose 10.7% from the prior year
BUY COPPER MAR @ 750 SL 747 TGT 755-760. MCX
Zinc
Zinc trading range for the day is 216.9-220.3.
Zinc gains as Glencore backed Peru miner Volcan halts three mines over permits
Global zinc market swings to surplus in January, ILZSG says PBOC kept lending rates unchanged at the March fixing, as widely expected.
BUY ZINC MAR @ 217 SL 215 TGT 220-222. MCX
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