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Monday, February 9, 2009

UPDATES ON FEB 9 2009

FEB 9 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH


S1 RS 173 , S2 RS 170 , S3 RS 168

R1 RS 178 , R2 RS 182 , R3 RS 185

STAY LONG AT SUPPORT.

4 comments:

Sunny said...

Is it advisable to buy at/around 177? Thanks.

akshaya said...

ATTENTION MR SMART

It is not advisable to buy copper at these levels.
Copper has resistance at Rs 178 and then at Rs 179.60.
It definitely has a positive bias and is expected to test Rs 184 if it stays above Rs 175.30 on a closing basis.
You could enter buys at a lower level as now the stop loss will be far away.
AKSHAYA

hariharan mani said...

is it advisable to short at 180

akshaya said...

TTENTION MR HARIHARAN.
Do not sell copper at this time.
It is expected to test Rs 181 / 185 and Rs 187 if it sustains above Rs 175.30 on a closing basis.
As and when there is sell call we will infm you.
AKSHAYA,