MTECHTIPS:-Zinc to trade in 164-176.4 range: Achievers Equities

MTECHTIPS:-Zinc to trade in 164-176.4 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 164-176.4. Zinc settled down by -1.81% as prices continued its weak trend on profit-taking and book- squaring towards year-end weighing on prices. Glencore set its target for zinc concentrate production at 1. 19 million tonnes in 2017, according to sources. Zinc mine supply in China will grow by 4.9% in 2017 from 2016 while supply outside China will rise 6.6% year-on-year SELL ZINC DEC @ 172 SL 174 TGT 170.40-169.00 .MCX.

WWW.MTECHTIPS.COM

07489294118-119