MTECHTIPS;-Zinc to trade in 179.6-194.4 range: Achievers Equities

MTECHTIPS;-Zinc to trade in 179.6-194.4 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 179.6-194.4. Zinc prices gained as support seen as investors remained upbeat on China’s growth prospects. Zinc prices have seen strength this year amid tightening supplies, but there is the possibility that after prices rallied that zinc miners would ramp up output. SHFE stocks have plunged 24% year-to-date amid stronger demand for zinc from domestic steel producers. SELL ZINC DEC @ 191 SL ABV 192.80 TGT 189.20-187.80. MCX.

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