Sell Copper NOV @ 710 SL 714 TGT 705-702. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 204.7-208.3.
Aluminium gains as supportive economic measures from China boosted sentiment
Profits at China's industrial firms extended gains for a second month in September
Chinese lawmakers last week approved 1 trillion yuan worth of bonds to reform disaster-hit areas
SELL ALUMINIUM NOV @ 208 SL 210 TGT 206-204. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 703.4-715.8.
Copper rose amid expectations of robust demand and fresh blows to inventories.
Data showed that stocks at the Shanghai Futures Exchange and the London Metal Exchange plummeted by nearly 40%.
The decline aligned with a fresh jump in the Yangshan copper premium, signaling higher demand for physical deliveries in Asia.
SELL COPPER NOV @ 710 SL 714 TGT 705-702. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 220-223.
Zinc settled down despite renewed stimulus measures for China
Reduced production from Europe and Australia due to high energy costs supported the positive momentum.
The global refined zinc market was headed for a surplus of 248,000 metric tons this year
SELL ZINC NOV @ 223 SL 225 TGT 221-219. MCX
