Moneycontrol
Oct 18, 2016 03:12 PM IST | Source: Moneycontrol.com

Zinc to trade in 149.7-153.3 range: Achiievers Equities

According to Achiievers Equities,Zinc gains on short covering tracking LME prices after decking last week after news that Peruvian mine Antamina would boost production.

Achiievers Equities report on Zinc

Zinc

Zinc trading range for the day is 149.7-153.3.  

Zinc gains on short covering tracking LME prices after decking last week after news that  Peruvian mine Antamina would boost production.

China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same  pace as in the previous quarter.  

China’s zinc concentrate supply remains in shortages in September.  

SELL ZINC OCT @ 152.50 SL 153.80 TGT 150.80-149.50.MCX. 

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