Zinc yesterday traded with the positive node and settled 0.31% up at 112.95. Some support had been seen from the LME stock also which came down by -125mt, the total stock at LME is now at 710925mt. In yesterday's trading session zinc has touched the low of 111.85 after opening at 113, and finally settled at 112.95. For today's session market is looking to take support at 111.9, a break below could see a test of 110.9 and where as resistance is now likely to be seen at 114, a move above could see prices testing 115.

Trading Ideas:

Zinc trading range is 110.9-115.

Zinc gained tracking firm LME prices amid on hopes of rise in demand in spot market.

Zinc looks to take resistance at 114.10 and support is at 111.80 level.

Spread between zinc FEB & MAR contracts yesterday traded in the range of 0.8 - 1.

SELL ZINC FEB BELOW 112 SL 113.20 TGT 110.80-109.60-109.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -200