MTECHTIPS:- Zinc to trade in 157-164.8

MTECHTIPS:- Zinc to trade in 157-164.8

MTECHTIPS-Zinc trading range for the day is 157-164.8. Zinc prices ended with losses tracking renewed weakness in steel markets. Concern about moderating demand trends in China including a slowdown in real estate price growth have unnerved the market. The World Bank maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade. SELL ZINC JUN 2017 @ 163.00 SL 165.00 TGT 161.20-159.50. MCX.

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