MTECHTIPS;-Zinc to trade in 187.4-196.6 range: Achievers Equities

MTECHTIPS;-Zinc to trade in 187.4-196.6 range: Achievers Equities

MTECHTIPS-Zinc trading range for the day is 187.4-196.6. Zinc recovered from day’s low on fresh buying as fundamental outlook remains bright despite the recent run of stock increases. Two of the largest zinc mines in the world have closed in the last few years due to ore depletion, removing ~4 % of world supply. Zinc demand has steadily increased throughout the last several years and and is expected to increase by 2.1% to 13.85 million to nnes in 2017. SELL ZINC FEB 2017 @ 193.50 SL 194.80 TGT 191.80-189.90 .MCX.

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