Sell ALUMINIUM DEC @ 203 SL 205 TGT 201-200. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 199.6-203.4.
Aluminium gains as data from China showed factory activity surprisingly expanded in November.
A global aluminium producer has offered Japanese buyers a premium of $95 per metric ton for January-March primary metal shipments Global aluminium output rises 3.9% year on year in October – IAI
SELL ALUMINIUM DEC @ 203 SL 205 TGT 201-200. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 718.6-731.
Copper gains amid supply concerns and expectations of rising demand.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 27% Daily on-warrant stocks in the LME-registered warehouses eased to the lowest since September after fresh cancellations of warrants.
SELL COPPER DEC @ 728 SL 732 TGT 724-720. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 220.1-228.3.
Zinc gains due to better-than-expected data from, tighter supply and a softer dollar.
Caixin Manufacturing PMI for China unexpectedly increased in November, raising hopes the manufacturing sector in the country is finally picking up.
Beijing pledged to target CNY 1 trillion in manufacturing and infrastructure development.
SELL ZINC DEC @ 227 SL 229 TGT 224-222. MCX
