Zinc yesterday we have seen that market has moved 0.65% buoyed by a firming trend at the LME. In addition, better trend at physical markets on pick up in demand from consuming industries also influenced the prices. Market has opened at 100.6 & made a low of 100.55 versus the day high of 101.55. The total volume for the day was at 1048 lots and the open interest was at 5324.Now support for the zinc is seen at 100.7 and below could see a test of 100.1. Resistance is now likely to be seen at 101.7, a move above could see prices testing 102.1.

Trading Ideas:

Zinc trading range is 100.1-102.1.

Zinc settled positive buoyed by a firming trend at the LME.

Zinc looks to take support at 100.10 and resistance at 102.10.

Spread between zinc SEP & OCT contracts yesterday traded in the range of 1 - 1.1.