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Tuesday, February 3, 2009

update

market alert at 12 noon feb 3

MCX FEB COPPER CMP RS. 159, IS

BULLISH AND COULD TEST RS.162.50

TO 163 LEVELS,CURRENT SUPPORT SEEN AT

RS.. 156.

4 comments:

raj said...

should buy copper @ 159 sl 157.50 and target 162.50

akshaya said...

RAJ,

SUPPORTS ARE AT RS. 156.80 AND 156, SO YOUR STOPS SHOULD BE AT RS. 156.80 OR 156 DEPENDING ON YOYR RISK APETITE.
AKSHAYA

sunny said...

can we short copper now at 159??????

akshaya said...

SUNNY,

IT APPEARS THAT COPPER IS ON A MINOR UPTREND TO TEST RS. 163, AND HENCE SHORTS NOT ADVISABLE, UNLESS LME INVENTORT REVERSES THE TREND AFTER 2.30 PM.
AKSHAYA