MTECHTIPS;-Zinc to trade in 179-187.4 range: Achievers Equities

MTECHTIPS;-Zinc to trade in 179-187.4 range: Achievers Equities

MTECHTIPS- Zinc trading range for the day is 179-187.4. Zinc dropped below 183 level to settled down at 182.50 as pressure seen after China has cut its growth target this year. Russia’s No. 1 zinc miner Ural Mining & Metallurgical Co., plans to boost zinc output by as much as 15 percent amid global supply curbs. China has cut its growth target this year as economy pushes through painful reforms to address a rapid build-up in debt. SELL ZINC MAR 2017 @ 183.60 SL 185.00 TGT 181.80-180.20. MCX

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