Zinc yesterday we have seen that market has moved -1.78%. Market has opened at 112.9 & made a low of 109.4 versus the day high of 113.9. The total volume for the day was at 38541 lots and the open interest was at 3868.Now support for the zinc is seen at 108.60 and below could see a test of 106.70. Resistance is now likely to be seen at 113.10, a move above could see prices testing 115.70.

Trading Ideas:

Zinc trading range is 106-114.

Zinc yesterday as per expectation fell above 100 mark some bounce can be seen

Zinc is getting support at 109.30 and resistance at 111.80 level.

Zinc daily stock at Shanghai exchange came down by -49 tonnes.

SELL ZINC JAN BELOW 110 SL 112.20 TGT 109.20-108.40-107.80.MCX