Nov 29, 2016 03:08 PM IST IST | Source: Moneycontrol.com

Zinc to trade in 183.5-208.7 range: Achiievers Equities

According to Achiievers Equities, Zinc dropped on profit booking after prices surged to its highest in nine years crossing over 200 mark.


Achiievers Equities report on Zinc

Zinc

Zinc trading range for the day is 183.5-208.7.

Zinc dropped on profit booking after prices surged to its highest in nine years crossing over 200 mark.

Zinc got a boost by news of a Chinese clampdown on illegal expansions by steel mills and further environmental probes.

Imports of refined zinc into China in October jumped over 50 percent from the previous month as demand for galvanised steel improved.

SELL ZINC NOV ON JUMP @ 195 SL 197.20 TGT 192.80-190.20. MCX

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