Zinc yesterday traded with the positive node and settled 3.12% up at 110.7. Some support had been seen from the LME stock also which came down by -250mt, the total stock at LME is now at 710675mt. In yesterday's trading session zinc has touched the low of 108 after opening at 108, and finally settled at 110.7. For today's session market is looking to take support at 108.6, a break below could see a test of 106.5 and where as resistance is now likely to be seen at 112.2, a move above could see prices testing 113.6.

Trading Ideas:

Zinc trading range is 106.5-113.6.

Zinc yesterday ended higher tracking firm LME prices.

Zinc looks to take resistance at 111.80 and support is at 109.50 level.

Zinc daily stocks at Shanghai exchange came up by 1716 tonnes

BUY ZINC FEB @110 SL 108.80 TGT 111.20-112.20-113.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN BY -250