MCX Feb copper is expected to test Rs 151. You should maintain a a stop loss of Rs 156.50. Your stop loss is a bit far away and so trade with caution. We had recommended sell in the morning at 155.75 to 156 levels. AKSHAYA.
MCX Feb copper has immediete support at Rs 152 and resistance at Rs 156. If it is able to hold above Rs 156 ther could be some more upward movement. Rs 167 is medium term resistance. Depending on your risk apetite we feel you could keep Rs 150 as your stop loss and run your position. There are rumours of an impending strike in Peru from mid march which could biist sentiment in the medium term. AKSHAYA.
4 comments:
Can i go short at 154 in copper now
ATTENTION MR VIJAY
MCX Feb copper is expected to test Rs 151.
You should maintain a a stop loss of Rs 156.50.
Your stop loss is a bit far away and so trade with caution.
We had recommended sell in the morning at 155.75 to 156 levels.
AKSHAYA.
r blog daily for copper updates.
i had a querry i am holdin copper buy at around 167 levels kindly guide whta to do. should i average or book loss.
ATTENTION MR KAUSHIK
MCX Feb copper has immediete support at Rs 152 and resistance at Rs 156.
If it is able to hold above Rs 156
ther could be some more upward movement.
Rs 167 is medium term resistance.
Depending on your risk apetite we feel you could keep Rs 150 as your stop loss and run your position.
There are rumours of an impending strike in Peru from mid march which could biist sentiment in the medium term.
AKSHAYA.
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