Buy Zinc NOV @ 227 SL 225 TGT 229-231. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 204.8-208.4.
Aluminium dropped as uncertainty in the economic recovery in China, weighed.
China’s manufacturing activities and exports slowed in October, but imports unexpectedly grew.
Sentiment was also cautious as traders and investors eyed developments in troubled Chinese property giant Country Garden.
BUY ALUMINIUM NOV @ 206 SL 204 TGT 208-210. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 698.7-710.1.
Copper prices rose as China commits to boosting demand and industrial metal imports
Chinese officials asserted at a commercial show in Shanghai that China will open its economy and will boost imports of commodities
China's copper imports jumped 23.7% in October from a year earlier, customs data showed
BUY COPPER NOV @ 701 SL 697 TGT 706-710. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 226.1-230.9.
Zinc rose on concerns about supply after reports of a fire at a Russian mine project
Adding to supply concerns, LME zinc inventories have more than halved since early September.
Nyrstar said it planned to temporarily close two U.S. zinc mines at the end of November
BUY ZINC NOV @ 227 SL 225 TGT 229-231. MCX
