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Thursday, February 5, 2009

MARKET ALERT ON FEB 5 THURSDAY 8.20 PM IST

MCX Feb Copper is currently having resistance at Rs 165.75

The support for the same can be now seen at Rs 163.35.

8 comments:

Anurag said...

Can I Short Copper At 164.00

For Target = 162

Or I Will Buy

Interest Rate Cut Affect Copper Price??????

Anurag said...

Copper Cmp (161.00)

Buy/Sell

akshaya said...

ATTENTION MR ANURAG

Copper has already at 161.80.
YOu can sell for a target of Rs 159.35 , but the stop loss will be a bit far away. Stop loss has to be RS 165.75.
Generally only bearish.
AKSHAYA

sunny said...

sir
BOA cut interest rate
dis will fall down copper rate too ?????????

robin said...

wat to do now in copper?

akshaya said...

ATTENTION MR ROBIN
Copper is definitely looking bearish.
But we feel it is better to take fresh position tommorow.
Will rvt as and when we receive any info.
AKSHAYA.

akshaya said...

ATTENTION MR SUNNY
Copper is not much affected by the BOE intrest rate cut.
It went down today because of an unexpected increase in unemployment data.
AKSHAYA

akshaya said...

ATTENTION MR ROBIN
Copper is looking bullish now for intra day.
You could buy around Rs 166.40 and Rs 166.60
Maintain a stop loss of Rs 164.20
Target Rs 170.
This is for Friday trading.
AKSHAYA.