Zinc yesterday traded with the positive node and settled 0.15% up at 100.4. Some support had been seen from the LME stock also which came down by -275mt, the total stock at LME is now at 499850mt. In yesterday's trading session zinc has touched the low of 100.25 after opening at 100.25, and finally settled at 100.4.

For today's session market is looking to take support at 100.3, a break below could see a test of 100.1 and where as resistance is now likely to be seen at 100.5, a move above could see prices testing 100.6.

Trading Ideas:

Zinc trading range is 100.1-100.6.

Zinc yesterday traded with the positive node and settled 0.15% up at 100.4.

Chinese monetary moves with continued uncertainty about Greek bailout exerting upward pressure on dollar.

Zinc is getting resistance at 102.80 and support is likely to get at 98.60 level

BUY ZINC FEB @ 99 SL 98 TGT 99.80-100.40-101.20. MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN BY -275