Sell Zinc Apr @ 236 SL 239 TGT 232-230. MCX - Kedia Advisory
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Aluminium
Observations
Aluminium trading range for the day is 216.4-227.U.S. manufacturing expanded for the first time in 1-1/2 years in March.
Aluminium gains as higher premiums Japanese buyers having to pay boosted sentiment.
Support also seen amid stronger-than-expected economic data from China
U.S. manufacturing expanded for the first time in 1-1/2 years in March.
SELL ALUMINIUM APR @ 224 SL 227 TGT 221-218. MCX
Copper
Observations
Copper trading range for the day is 790.4-810.8.
Copper surged lifted by fresh weakness for the US dollar and increasing supply risks.
Disruptions in major mines weighed on supply, with logistical issues in Congo and droughts in Zambia hampering activity.
The global refined copper market showed an 84,000 metric tons surplus in January
SELL COPPER APR @ 806 SL 810 TGT 800-796. MCX
Zinc
Observations
Zinc trading range for the day is 221.7-240.5.
Zinc gains as strong factory data from China triggered buying.
Support also seen amid concerns over slow recovery in production in China's Yunnan province.
China’s manufacturing activity expanded for the first time in six months in March
SELL ZINC APR @ 236 SL 239 TGT 232-230. MCX
