Nyrstar SA's Tennessee Mines division is set to produce at full capacity by the end of the year at a cost of about $20 million, the zinc miner said. Zinc yesterday we have seen that market has moved -3.36%. Market has opened at 101.35 & made a low of 97.4 versus the day high of 101.75. The total volume for the day was at 35069 lots and the open interest was at 2581.Now support for the zinc is seen at 96.3 and below could see a test of 94.7. Resistance is now likely to be seen at 100.6, a move above could see prices testing 103.4.

Trading Ideas:

Zinc trading range is 94.7-103.4.

Nyrstar SA's Tennessee Mines division is set to produce at full

Support for the zinc is at 96.70 and resistance is at 99.10.

Zinc daily stock at Shanghai exchange came down by -227 tonnes.

BUY ZINC FEB @ 97.50-98 SL 96.20 TGT 99.10-100.40-101.80.MCX