MTECHTIPS:-Zinc to trade in 187.5-194.7 range: Achievers Equities

MTECHTIPS:-Zinc to trade in 187.5-194.7 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 187.5-194.7. Zinc gained with investors looking to a pickup in U.S. demand on expected tax cuts and infrastructure spending under the new administration. Dollar dropped pressured by concerns about the impact of U.S President Donald Trump’s protectionist trade stance. Offsetting expectations of rising prices is the Lunar New Year holiday, starting Jan. 27, which is expected to subdue metals demand SELL ZINC JAN @ 193.00 SL 194.80 TGT 191.80-190.00 .MCX.

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