Zinc yesterday traded with the positive node and settled 1.21% up at 111.2 as dollar index remained weakened, with the index dipping to a low of 78.8 and finally closing at 79. LME zinc prices generally moved above USD 2,400/mt and finally closed at USD 2,407/mt. The transaction was weak before the New Year’s Day holiday. In yesterday's trading session zinc has touched the low of 110.1 after opening at 110.1, and finally settled at 111.2. For today's session market is looking to take support at 110.3, a break below could see a test of 109.3 and where as resistance is now likely to be seen at 112, a move above could see prices testing 112.7.

Trading Ideas:

Zinc trading range is 109.3-112.7.

Zinc yesterday traded with the positive node as dollar index remained weakened

Zinc today some profit booking can be seen, below 110 looks till 108.

Zinc looks to take support at 109.80 and resistance at 112.40.

SELL ZINC JAN @ 111 SL 112 TGT 110.20-109.40-108.80.MCX

YESTERDAY LME STOCK FOR ZINC CAME UP  BY 3075