Sell Aluminium NOV @ 207 SL 209 TGT 205-203. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 204.6-207.2.
Aluminium gains after positive industrial production data from China boosted sentiment
However, gains were capped by weakness in the country’s real estate sector.
China Oct aluminium production at record monthly high
SELL ALUMINIUM NOV @ 207 SL 209 TGT 205-203. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 706.2-715.8.
Copper gains as the dollar weakened after softer U.S. inflation data
China's October economic activity perked up as industrial output grew at a faster pace
China's property sales fell at a faster pace in October and investment in real estate slumped
SELL COPPER NOV @ 713 SL 717 TGT 708-703. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 227.4-236.6.
Zinc gains boosted by lower stocks in LME warehouses
LME stocks fell to 68,125 tonnes by more than 50% since the start of September.
China's retail sales rose by 7.6% year-on-year in October 2023
SELL ZINC NOV @ 234 SL 236 TGT 231.5-230. MCX
