Zinc yesterday traded with the negative node and settled -0.38% down at 105.35, ignoring the bull run from copper and other metals some pressure had been seen from the LME stock, the total stock at LME is now at 541300mt. In yesterday's trading session zinc has touched the low of 103.1 after opening at 105.3, and finally settled at 105.35. For today's session market is looking to take support at 103.2, a break below could see a test of 101.1 and where as resistance is now likely to be seen at 107.3, a move above could see prices testing 109.3.

Trading Ideas:

Zinc trading range is 103.2-105.7.

Zinc traded in the range  traded at $2,310 a tonne from $2,300

Zinc stocks fell 75 tonnes, but market believes was sparked in part by tightness around the May prompt date.

Zinc is getting resistance at 108.80 and support is likely to get at 103.60 level

SELL ZINC FEB @ 105.50-106 SL 106.90 TGT 104.80-103.60-102.80.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -75