Zinc yesterday traded with the positive node and settled 0.09% up at 107.75. Some support had been seen from the LME stock also which came down by -375mt, the total stock at LME is now at 458350mt.

In yesterday's trading session zinc has touched the low of 107.1 after opening at 107.8, and finally settled at 107.75. For today's session market is looking to take support at 106.85, a break below could see a test of 105.95 and where as resistance is now likely to be seen at 108.9, a move above could see prices testing 110.05.

Trading Ideas:

ZINC TRADING RANGE IS 103.50-111.50.

IMPORTANT WILL BE 105 MARK BELOW THIS SOME PRESSURE CAN BE SEEN.

SELL ZINC DEC @ 109-109.50 SL 110.30 TGT 108.20-107.50-106.80.MCX

SUPPORT FOR ZINC IS AT 106.40 AND RESIST IS AT 108.80 LEVEL.

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME UP BY 351 TONNES