Zinc yesterday traded with the negative node and settled -0.54% down at 111.25 weighed by fresh selling by traders in tandem with weakening global trend on demand concerns after China stepped up measures to cool its economy and the dollar strengthened.  Some support had been seen from the LME stock also which came down by -50mt, the total stock at LME is now at 709675mt. In yesterday's trading session zinc has touched the low of 110.95 after opening at 111.4, and finally settled at 111.25. For today's session market is looking to take support at 110.7, a break below could see a test of 110.1 and where as resistance is now likely to be seen at 112.1, a move above could see prices testing 112.9.

Zinc trading range is 110.1-112.9.

Zinc ended lower weighed by fresh selling by traders

Zinc looks to take resistance at 112.30 and support is at 110.10 level.

Zinc daily stocks at Shanghai exchange came up by 6695 tonnes

BUY ZINC JAN @ 110.25 SL 109.25 TGT 111-112.20-113.MCX