Zinc look firm and strong in coming days on speculation that China's worst snowstorms in decades may have reduced supplies in the largest producer and consumer of the metal. Zinc yesterday we have seen that market has moved 0.72%. Market has opened at 104.15 & made a low of 104.05 versus the day high of 104.8. The total volume for the day was at 930 lots and the open interest was at 3579. Now support for the zinc is seen at 104.20 and below could see a test of 103.70. Resistance is now likely to be seen at 104.90, a move above could see prices testing 105.20.

Trading Ideas:

ZINC TRADING RANGE IS 100-107.

ZINC AT SHANGHAI HIT THEIR HIGHEST LEVEL IN 18 MONTHS

BUY ZINC NOV ABOVE 105 SL 104 TGT 105.90-106.50-107.20. MCX

ZINC IS GETTING SUPPORT AT 103.60 AND RESISTANCE AT 105.90 LEVELS.

ZINC WEEKLY STOCK AT SHANGHAI EXCHANGE CAME DOWN BY 1507