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Zinc yesterday we have seen that market has moved 0.49% driven by firming trend in the global markets. Some support had been seen from the LME stock also which came down by -250mt, the total stock at LME is now at 607000mt. Market has opened at 112.45 & made a low of 112.45 versus the day high of 114.05. The total volume for the day was at 26814 lots and the open interest was at 4691.Now support for the zinc is seen at 112 and below could see a test of 111.4. Resistance is now likely to be seen at 113.6, a move above could see prices testing 114.6.

Trading Ideas:

Zinc trading range is 111.4-114.6.

Copper ended higher high as support from a falling dollar added to demand optimism following news o

Crude oil settled down but recovered some of its losses as the dollar weakened and equitie

Silver prices settled up tracking firming trend in the overseas market.

Gold ended higher due to weaker dollar and renewed concerns about currency risk and inflation.  The dolla

Tokyo, Oct 26 - Tokyo stocks inched lower in Tuesday morning trading as export-oriented issues were hurt by the yen's appreciation.

The benchmark Nikkei 225 Stock Average lost 17.76 points, or 0.19 percent, to trade at 9,383.4 while the broader Topix index was down 2.2 points, or 0.27 percent, at 819.03.

Japanese Prime Minister Naoto Kan's cabinet approved a 5.09-trillion-yen ($62.9 billion) stimulus package Tuesday to address the yen's rise and counter deflation.