China's zinc output fell 1% or 5,000 mt from September to 405,000 mt, up 9.8% year-on-year, taking the ten-month total to 3.52 million mt, up 5.8% year-on-year. Zinc yesterday we have seen that market has moved -0.59%. Market has opened at 101 & made a low of 99.7 versus the day high of 101.45. The total volume for the day was at 14326 lots and the open interest was at 4764. Now support for the zinc is seen at 99.40 and below could see a test of 98.70. Resistance is now likely to be seen at 101.20, a move above could see prices testing 102.20.

Trading Ideas:

ZINC TRADING RANGE IS 96-104.

CHINA'S ZINC OUTPUT FELL 5,000 MT FROM SEPTEMBER TO 405,000 MT

BUY ZINC NOV ABV 100.50 SL 99.80 TGT 101.10-101.90-102.70. MCX

ZINC IS GETTING SUPPORT AT 99.10 AND RESISTANCE AT 101.40 LEVELS.

ZINC IMP WILL BE THE 100 MARK BELOW THIS 98-97 LVL CAN BE SEEN

YESTERDAY LME STOCK FOR ZINC CAME Down BY -475