Zinc yesterday traded with the positive node and settled 4.64% up at 106.75. Some support had been seen from the LME stock also which came down by 0mt, the total stock at LME is now at 499825mt. In yesterday's trading session zinc has touched the low of 101.8 after opening at 101.8, and finally settled at 106.75.

For today's session market is looking to take support at 103.3, a break below could see a test of 99.8 and where as resistance is now likely to be seen at 108.8, a move above could see prices testing 110.8.

Trading Ideas:

Zinc trading range is 99.8-110.8.

Zinc rosed more that 4.5% as traders covered up their short positions driven by overnight gains in the global markets.

Zinc was at $2,337 from $2,200 on Monday, and rose over 6 percent to hit a late-session high of $2,346.

Zinc is getting resistance at 108.80 and support is likely to get at 103.60 level

BUY ZINC FEB @ 105 SL 103.80 TGT 106.20-107-107.80. MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN BY 0