Nov 30, 2016 12:45 PM IST IST | 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.
Achiievers Equities report on 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
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