JAN 6 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BULLISH

S1 RS 157 , S2 RS 154.60 , S3 RS 152

R1 RS 162 , R2 RS 165 , R3 RS 168

Copper for delivery for 3 months under the LME

fell to a session low of $ 3115 a tonne before

paring losses to close down at $ 3190 down

$ 3231 on Friday.

Copper ended in the MCX at 159 levels.

Copper prices drifted lower as a stronger dollar

weighed on the market and capped a 2 day rally in the

broad base metal complex.

Copper for Feb expiry under the MCX might see support

at Rs 156.52 levels while the resistence for the same

can be seen at 167.98 levels.