Dec 01, 2016 05:51 PM IST IST | Source: Moneycontrol.com
Zinc to trade in range of 178.8-192: Achiievers Equities
According to Achiievers Equities, Zinc dropped as investors cut bets on higher prices due to growing doubts that this month's sizzling rally was built on solid fundamentals.
Achiievers Equities report on Zinc
Zinc trading range for the day is 178.8-192.
Zinc dropped as investors cut bets on higher prices due to growing doubts that this month's sizzling rally was built on solid fundamentals.
China’s refined zinc imports were 477,400 tonnes during January and October, a drop of 3.94% year-on-year.
Global zinc market has recorded small surplus during January to September of this year.
BUY ZINC DEC ABV 185.00 SL BELOW 183.60 TGT 186.20-187.80. MCX.
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