Sell Zinc APR @ 224 SL 227 TGT 221-219. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 205.3-207.7.
Aluminium climbed as buying interest increased with improving demand from China.
China imported 720,000 tons of unwrought aluminium and products in the January-February this year, up 93.6%.
Aluminum ingot inventory rose at a slower pace and is likely to peak.
SELL ALUMINIUM APR @ 209 SL 211 TGT 207-205. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 753.7-767.3.
Copper gains amid upbeat sentiment as investors eyed interest rate cuts by Fed.
Chinese deliverable copper inventories on the week ending March 15th, magnifying seasonal restocking
China's refined copper production in January and February rose 10.7% from the prior year
SELL COPPER APR @ 765 SL 770 TGT 760-755. MCX
ZINC
OBSERVATIONS
Zinc trading range for the day is 219.6-222.8.
Zinc gains as Glencore halts major
zinc mine in Australia after heavy rainfall Glencore backed Peru miner Volcan halts three mines over permits
Global zinc market swings to surplus in January, ILZSG says
SELL ZINC APR @ 224 SL 227 TGT 221-219. MCX
