Zinc to trade in 181.9-205.1 range: Achiievers Equities

According to Achiievers Equities, Zinc prices rallied on bets that demand was picking up faster than supply amid a broadbased rally across the metals complex.
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Nov 30, 2016, 12.45 PM | Source: Moneycontrol.com

Zinc to trade in 181.9-205.1 range: Achiievers Equities

According to Achiievers Equities, Zinc prices rallied on bets that demand was picking up faster than supply amid a broadbased rally across the metals complex.

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Zinc to trade in 181.9-205.1 range: Achiievers Equities

According to Achiievers Equities, Zinc prices rallied on bets that demand was picking up faster than supply amid a broadbased rally across the metals complex.

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Achiievers Equities report on Zinc

Zinc

Zinc trading range for the day is 181.9-205.1.

Zinc prices rallied on bets that demand was picking up faster than supply amid a broadbased rally across the metals complex

Markets have long believed zinc was heading for a supply shortfall as demand picked up.

The zinc market is expected to see a 400,000 tonne deficit this year, but this could easily be offset by inventories.

BUY ZINC NOV @ 195 SL 193.20 TGT 196.80-199. MCX

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Zinc to trade in 181.9-205.1 range: Achiievers Equities

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