Sell Aluminium Jan @ 210 SL 212 TGT 208-206. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Aluminium
OBSERVATIONS
Aluminium trading range for the day is 204.3-215.5.
Aluminium prices dropped due to increased stocks in LME-approved warehouses.
Chinese manufacturing activity contracted in December, but private survey showed unexpected growth.
Expectations of further policy easing by the People's Bank of China.
SELL ALUMINIUM JAN @ 210 SL 212 TGT 208-206. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 724.6-736.8.
Copper prices eased due to a stronger dollar, but losses were limited. Copper inventories in Shanghai warehouses dropped nearly 90% since late February.
Doubts about demand prospects reflected in low cash copper prices.
SELL COPPER JAN @ 732 SL 736 TGT 727-722. MCX
Zinc
OBSERVATIONS
Zinc trading range for the day is 226.7-235.1.
Zinc prices dropped as China's official PMI fell to 49 in December.
Global zinc market deficit eased to 52,500 metric tons in October. Year-on-year increase of 10.62% in China's refined zinc output.
SELL ZINC JAN @ 232 SL 235 TGT 229-227. MCX
More News
Sell Silver Mar @ 75800 SL 76400 TGT 75000-74500. MCX - Kedia Advisory
