Zinc on Tuesday traded with the negative node and settled -3.14% down at 101.8.  LME zinc prices yesterday were boosted with prices closing at USD 2,275/mt after the previous day sell off. But transactions were still weak yesterday as Dow Jones Industrial Average overnight hit a three-year high of 12,000 points. Meanwhile, the US Federal Reserve (Fed) decided to maintain the current policies, implying the Fed is determined to push forward economic growth. For today's session market is looking to take support at 100.5, a break below could see a test of 99.1 and where as resistance is now likely to be seen at 104, a move above could see prices testing 106.1.

Trading Ideas:

Zinc trading range is 99.1-106.1.

No progress to extend Australia Century zinc mine - Minmetals

Zinc looks to take resistance at 100.60 and support is at 103 level.

Zinc daily stocks at Shanghai exchange came down by 1126 tonnes

BUY ZINC JAN ABV 102.50 SL 101.70 TGT 103.30-104-104.80.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -225