Zinc yesterday traded with the positive node and settled 3.97% up at 98.35. Some support had been seen from the LME stock also which came down by -100mt, the total stock at LME is now at 500250mt. In yesterday's trading session zinc has touched the low of 93.65 after opening at 94.5, and finally settled at 98.35. For today's session market is looking to take support at 95.1, a break below could see a test of 91.8 and where as resistance is now likely to be seen at 100.3, a move above could see prices testing 102.2.

Trading Ideas:

Zinc trading range is 91.8-102.2.

Zinc yesterday traded with the positive node and settled 3.97% up at 98.35.

Spot zinc market, most downstream producers planed to purchase goods last week as the New Year ahead.

Zinc is getting resistance at 99.80 and support is likely to get at 94.60 level

SELL ZINC FEB @ 98.40 SL 99.40 TGT 97.80-97.05-96.40-95.80.MCX