Zinc yesterday traded with the positive node and settled 1.28% up at 93.55, through out the week selling pressure but on Saturday session short covering and profit booking made zinc recover by almost more that 1.25%. In yesterday's trading session zinc has touched the low of 91.65 after opening at 92, and finally settled at 93.55. For today's session market is looking to take support at 92.2, a break below could see a test of 90.9 and where as resistance is now likely to be seen at 94.3, a move above could see prices testing 95.1.

Trading Ideas:

Zinc trading range is 90.9-95.1.

Global refined zinc market was in a 424,000MT surplus between Jan to Nov

Zinc is getting support at 91.80 and resistance at 96.70 level.

Zinc daily stock at Shanghai exchange came down by -274 tonnes.

BUY ZINC FEB @ 93-93.50 SL 92.20 TGT 94.40-95.20-96.10.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN BY -25