Vedanta Resources said that its fourth-quarter zinc mined metal production slipped 2% to 194,000 tonnes. Zinc yesterday we have seen that market has moved -1.08%. Market has opened at 106 & made a low of 104 versus the day high of 106. The total volume for the day was at 21638 lots and the open interest was at 4076.Now support for the zinc is seen at 104.2 and below could see a test of 103.1. Resistance is now likely to be seen at 106.2, a move above could see prices testing 107.1.

Trading Ideas:

Zinc trading range is 103.1-107.1.

Vedanta Resources said zinc mined metal production slipped 2%.

Support for the zinc is at 104.20 and resistance is at 106.20.

Zinc dailSELL ZINC APR @ 106.20 SL 107.20 TGT 105.50-104.40.MCXy stock at Shanghai exchange came up by 25 tonnes.

SELL ZINC APR @ 106.20 SL 107.20 TGT 105.50-104.40.MCX