Zinc yesterday traded with the positive node and settled 1.64% up at 103.5 with positively affected by LME zinc prices, Shangai but trading volumes fell again indicating investors existed the market before the Chinese New Year holiday to minimize risks. In yesterday's trading session zinc has touched the low of 102.2 after opening at 102.5, and finally settled at 103.5. For today's session market is looking to take support at 102.5, a break below could see a test of 101.5 and where as resistance is now likely to be seen at 104.2, a move above could see prices testing 104.9.

Trading Ideas:

Zinc trading range is 101.5-104.9.

Zinc ended positive with positively affected by LME zinc prices

Zinc looks to take resistance at 104.60 and support is at 102.30 level.

Zinc daily stocks at Shanghai exchange came down by 52 tonnes

SELL ZINC JAN @ 103.50 SL 104.20 TGT 102.80-102-101.50.MCX