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

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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