MCX Zinc may not some gains tracking copper prices. However, higher stocks at LME warehouses coupled with lack of demand in physical markets may cap the upside. Stocks at LME rose by 2,850 tons yesterday after declining by 8650 tons last week while those at SHFE rose by 3,426 tons. Support for MCX Zinc February contract is seen at Rs.102 while resistance is seen at Rs.106.
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