Zinc yesterday traded with the positive node and settled 0.25% up at 98.6. Some support had been seen from the LME stock also which came up by -100mt, the total stock at LME is now at 500250mt. china spot market was neutral due to zinc price increases and trader low interest in trades on the last work day before the holiday. Zinc market will become lukewarm as the holiday nears; zinc prices will fluctuate narrowly on the last two trading days before the holiday. For today's session market is looking to take support at 97.2, a break below could see a test of 95.9 and where as resistance is now likely to be seen at 99.9, a move above could see prices testing 101.3.

Trading Ideas:

Zinc trading range is 98.6-100.6.

Zinc yesterday traded with the positive node and settled 0.25% up at 98.6.

china market was neutral due to zinc price increases and trader low interest in trades before the holiday

Zinc is getting resistance at 100.60 and support is likely to get at 96.60 level

BUY ZINC FEB @ 99 SL 98 TGT 99.80-100.40-101.20. MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN BY -100