MTECHTIPS;-Zinc to trade in 181.1-189.5 range: Achievers Equities

MTECHTIPS;-Zinc to trade in 181.1-189.5 range: Achievers Equities

MTECHTIPS-Zinc trading range for the day is 181.1-189.5. Zinc settled with gain’s in volatile session as traders are now making long positions as fundamentals look strong. Zinc’s fundamentals are strong and, while suspended capacity remains idle, the deficit is likely to draw down stocks of concentrates and refined metal. Processing fees for China’s zinc smelters reached record lows last month as the supply from mines continued to dwindle. BUY ZINC JAN @ 185 SL 183.80 TGT 187.50-188.80 .MCX.

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