Sell Aluminium Nov @ 248 SL 250 TGT 246-244. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 238.9-252.7.
Aluminium gains as the global alumina market has facedconstant supply disruptions.
China’s unwrought aluminum & aluminum products exports rise inJan-Oct y-o-y
Smelters in Yunnan Provinces cancelled planned winterproduction cuts due to sufficient electricity reserves.
SELL ALUMINIUM NOV @ 248 SL 250 TGT 246-244. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 825.7-863.3.
Copper rose as optimism grew that potential US tariffs on Chinesegoods could prompt Beijing to introduce more aggressivestimulus measures.
China's imports of unwrought copper rose in October from a yearearlier, boosted by improving seasonal demand.
Chile, saw exports of the metal reach $4.68 billion in October, up26% from a year earlier, the central bank said.
SELL COPPER NOV @ 852 SL 856 TGT 847-843. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 278.5-290.3.
Zinc rebounded amid hopes for more stimulus from China.
Support also seen amid a raw materials squeeze forces smeltersto reduce production of refined metal.
The deliveries are behind the narrowing premium for the cashcontract over three-month zinc to about $18 a ton, down frompeak above $58 a ton.
SELL ZINC NOV @ 286 SL 288 TGT 284-282. MCX
