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MTECHTIPS:-Zinc to trade in 168-183. range: Achievers Equities

Wednesday, November 16, 2016 6:34

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MTECHTIPS:-Zinc to trade in 168-183. range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 168-183.2. Zinc dropped tracking copper prices on profit booking after gaining earlier on expectations of a pick-up in Chinese demand for steel alloys. Zinc stockpiles tracked by LME are near the lowest level since 2009 after mines depleted and miners scaled back production amid a price plunge. Industrial output gains have stabilized in excess of 6 percent compared with a year before, according to data. BUY ZINC NOV @ 174.50 SL BELOW 173.00 TGT 176.40-178.80. MCX.

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