Sell Aluminium Nov @ 245 SL 247 TGT 42-240. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 240-245.6.
Aluminium prices gained as strong manufacturing activity databolstered demand expectations in China.
Support also seen amid news of alumina shortages triggeredsystematic buying from funds.
Manufacturing activity in China expanded in October for the firsttime in six months.
SELL ALUMINIUM NOV @ 245 SL 247 TGT 42-240. MCX
COPPER
OBSERVATIONS
Disclaimer:http://bit.ly/2ziDavwPage No. 4CommoditySpreadCommodityExpiryCloseR2R1PPS1S2Lme Copper9737.009852.509795.509731.009674.009609.50SELL COPPER NOV @ 863 SL 868 TGT 858-854. MCX
Copper trading range for the day is 851.7-865.3.
Copper gains amid a pullback in the dollar and greaterconfidence in stimulus by the Chinese government.
Copper output from Chile's Codelco down nearly 5% in January –September
China's top legislative body will meet from Nov. 4-8, wheremarket participants hope Beijing will announce more measuresfor its economy.
SELL COPPER NOV @ 863 SL 868 TGT 858-854. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 282.5-290.7.
Zinc prices gained as a raw materials squeeze forces smelters toreduce production
Chinese data suggesting poor demand prospects added todisappointment with economic stimulus measures
China’s industrial profits plunged in September, registering thesteepest monthly decline of the year, owing to factors includingweak demand
SELL ZINC NOV @ 289 SL 291 TGT 287-285. MCX
