MTECHTIPS:-Zinc to trade in 169-177.4 range: Achievers Equities

MTECHTIPS:-Zinc to trade in 169-177.4 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 169-177.4. Zinc prices ended with losses reversing its gains after the U.S. dollar hit a 14-year high. China’s factory activity picked up more than expected in December as demand accelerated, with output reaching a near six-year high. Zinc cancelled warrants were 4,700 tonnes higher at 110,850 tonnes due to freshly cancelled material in New Orleans – on-warrant availability is now at a multi-year low. SELL ZINC JAN @ 173.50 SL 175 TGT 171.80-170.20 .MCX.

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