WEEKLY WRAP JAN 30

Copper futures rose for the third time in five

sessions as higher silver, gold and energy prices

boosted investor demand for commodities.

Crude oil traded on the New York Mercantile Exchange

jumped as much as 4.8 percent. Gold climbed, capping

a third straight monthly gain, and silver led gains

among the 19 contracts in the Reuters/Jefferies

CRB Index. The gauge added as much as 1.4 percent,

heading for a second consecutive weekly increase.

Copper futures for March delivery added 1.1 cents, or

0.7 percent, to $1.4685 a pound on the Comex division

of the New York Mercantile Exchange.

Copper, up 4.2 percent in January, capped its

first monthly gain since June on speculation that

government spending on infrastructure projects in

China and the U.S. will increase demand for metals.



President Barack Obama is urging Congress to pass a

stimulus plan, valued at more than $800 billion, to

revive U.S. growth. The measure is pending in the

Senate after passing the House of Representatives

earlier this week.

Still, prices were down 0.2 percent this week, a

third straight weekly decline, on growing concern

the stimulus packaged may not be enough to stem

declines in demand.

TECHNICALS FOR NYMEX TRADING JAN 30

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 152, 148, 144.75

RESISTANCES ; 156, 159, 162

STAY SHORT AT RESISTANCES

market alert at 5. 15 pm

MCX FEB COPPER CMP ,RS. 154.10, BOOK PARTIAL

PROFITS ORTRAIN STOP LOSS TO COST.SELL INITIATED AT

RS, 156.50.

MARKET ALERT ON JAN 30 FRIDAY 4.20 PM ISY

MCX Feb Copper is expected to test Rs 153 .

if it sustains below Rs 158.70.

Sell is advised around Rs 156.50.

MARKET ALERT AT 2 PM

EXIT SELL POSITIONS IN COPPER !!!!!!!!!!

MARKET ALERT AT 1.30

TRADERS ADVISED TO OPERATE WITH CAUTION

AS SOME METALS LIKE LEAD ARE EXPECTED TO

RALLY UPWARDS AND TEST RS.58.25 LEVELS.

MARKET ALERT 10.45 AM

MCX FEB COPPER CMP RS.158, LIKELY TO

TEST RS.153, CURRENT RESISTANCE AT

RS.160.30.

TECHNICALS FOR JAN 30

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 156, 153, 148.70

RESISTANCES ; 160, 163, 168

WAIT FOR CONFIRMATION

MARKET ALERT AT 5.25 PM JAN 29

MCX FEB COPPER ; CMP RS.157.2 TRADERS

ADVISED TO BOOK PROFITS AND WAIT FOR

FRESH CALL.

TRADING LEVELS FOR EVENING NYMEX TRADE FOR JAN 29 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 154.60 , S2 RS 152 , S3 RS 148.60

R1 RS 159.30 , R2 RS 162 , R3 RS 15.60

STAY SHORT AT RESISTANCE.

MARKET ALERT ON JAN 28 THURSDAY 3.15 PM IST

MCX Feb copper is expected to test Rs 152,

if it sustains below Rs 163.20.


CMP Rs 158.60.

MARKET ALERT ON JAN 29 THURSDAY 12.15 PM IST

MCX Feb Copper is expected to test Rs 157.50 ,

if it sustains below Rs 164.50.

Sell is recommended around Rs 162 levels.

JAN 29 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 160.30 , S2 RS 158 , S3 RS 155.60

R1 RS 164.30 , R2 RS 166 , R3 RS 168.60

Copper prices were also higher as March copper added 1 cent

to $1.50 per pound in New York and three-month copper

gained $60 to $3,370 per tonne on the London Metal

Exchange.

MARKET ALERT JAN 28

MCX FEB COPPER HIT HIGH RS.167.75, BOOK

PROFITS AROUND RS.167.25 LEVELS.

TECHNICALS FOR NYMEX TRADING

JAN 28

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 161, 158, 154

RESISTANCES ; 164.50, 168.40,170.95

WAIT FOR CONFIRMATION

MARKET ALERT ON JAN 28 WEDNESDAY 3.45 PM IST

As forecasted earlier MCX Feb Copper is now

at Rs 164.70.

Low risk traders can book profit and others can hold with

cost as trailing stop loss for a target of Rs 167.50.

MARKET ALERT AT 2.30 PM JAN 28

MCX FEB COPPER CMP RS. 163, ADVISED TO EXIT

SHORTS AS MAY TEST UPPER RESISTANCE rs.165.

MARKET ALERT ON JAN 28 WEDNESDAY

MCX Feb Copper is expected to test Rs 158,

if it sustains below Rs 165.

CMP Rs 161.80.

JAN 28 WEDNESDAY

SHORT TERM TREND: BEARISH

LONGTERM TREND : BEARISH

S1 RS 159.60 , S2 RS 157 , S3 RS 154

R1 RS 163 , R2 RS 165.30 , R3 RS 168

STAY SHORT AT RESISTANCE.

Copper rose the most in two months in London as technical

charts used by some traders signaled further gains.

Copper for three-month delivery gained $294, or 9 percent, to

$3,545 a metric ton at 5:09 p.m. on the LME, the biggest jump

compared with closing prices since Oct. 29.

Prices dropped as much as 1.2 percent earlier after inventories

in warehouses monitored by the London bourse climbed to


439,425 tons, the highest since Dec. 23, 2003

Copper will average $1.25 a pound ($2,756 a ton) this year, down

60 percent from last year’s spot price and leading declines

in aluminum, nickel, zinc and lead, according to Citigroup.

JAN 28 WEDNESDAY

SHORT TERM TREND:

MARKET ALERT AT 9.15 PM JAN 27

MCX FEB COPPER HAS ACHIEVED OUR TARGET

RS.160.25 , IN OUR SELL CALL AT RS.165.

BOOK ALL PROFITS.

MARKET ALERT AT 8.20 PM JAN 27

MCX FEB COPPER HAS ACHIEVED OUR TARGET

RS. 162, SELL INITIATED AT RS.165, LIKELY

TO TEST RS.160.25.

MARKET ALERT AT 7.30 PM JAN 27

MCX FEB COPPER WLD TURN WEAK INTRADAY,

IF RS.165 LEVELS ARE BREACHED, AND IF SO

COULD TEST RS.162 levels, then resistance

would be rs.167.

TECHNICALS FOR NYMEX TRADING JAN 27

MCX FEB COPPER

SHORT TERM ; BULLISH

LONG TERM : BEARISH

SUPPORTS ; 167, 163, 159

RESISTANCES ; 171, 175.30, 178

STAY LONG AT SUPPORTS

TECHNICALS FOR JAN 27

MCX FEB COPPER

SHORT TERM : SIDEWAYS

LONG TERM ;BEARISH

SUPPORTS : 160, 158,155

RESISTANCES :166, 171.30,178

STAY LONG AT SUPPORTS

MARKET ALERT AT MARKET CLOSING JAN 23

MCX FEB COPPER CMP RS. 160.50,

IN THE SHORT TO MEDIUM TERM LIKELY

TO RETEST RS. 153 TO RS.154 LEVELS,

CURRENT STRONG RESISTANCE IS SEEN AT

RS.165 .

MARKET ALERT ON JAN 23 FRIDAY 8.20 PM IST

As forecasted earlier MCX Feb Copper achieved target

of Rs 155.

Buy was advised around 152 levels.

MARKET ALERT ON JAN 23 FRIDAY

As forecasted earlier MCX Feb Copper is now at 154.

low risk traders can book profit.

Buy call was initited at Rs 152 levels.

MARKET ALERT ON JAN 23 FRIDAY 6.00 PM IST

MCX Feb Copper is expecetd to test Rs 155,

if it sustains above Rs 150.

CMP Rs 152.

TECHNICALS FOR NYMEX TRDING

JAN 23

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 150.50, 147.30, 143.90

RESISTANCES ; 152.90, 156.20, 159.90

HOLD SHORTS

MARKET ALERT AT 3.20 PM JAN 23

MCX FEB COPPER HAS HIT OUR TARGET FORECAST

THIS MORNING RS.15I.30, LOW AT RS.150.85,

SHORT TERM PLAYERS BOOK PROFITS, OTHERS

HOLD FOR TARGET RS.149 AND TRAIL STOP LOSS

TO COST ( SELL RECOMMENDED AT RS.153.80 ).

MARKET ALERT ON JAN 23 FRIDAY 11.15 AM IST

MCX Feb Copper is expected to test Rs 151.30,

if it sustains below Rs 155.80.

CMP Rs 153.80.

TECHNICALS FOR JAN 23

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 151.30 , S2 RS 149.40 , S3 RS 147

R1 RS 155 , R2 RS 157.30 , R3 RS 159

STAY SHORT AT RESISTENCE.

Copper fell to a one-week low in London, dropping for a third

consecutive day, as expanding stockpiles of the metal

signaled worsening demand.

Inventories of copper in warehouses monitored by the London

Metal Exchange rose 1.2 percent to 422,450 metric tons,

the highest since January 2004.

Copper for delivery in three months on the LME dropped as

much as $95, or 3 percent, to $3,125a ton, the lowest

intraday price since Jan. 13. The contract traded at

$3,130 as of 4:16 p.m. local time.

JAN 22 THURSDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 155.10 , S2 RS 152 , S3 RS 148

R1 RS 159.40 , R2 RS 162 , R3 RS 165

JAN 22 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BEARISH

S1 RS 155.10 , S2 RS 152 , S3 RS 148

R1 RS 159.40 , R2 RS 162 , R3 RS 165

STAY SHORT AT RESISTANCE.



Copper futures dropped more than 4% Wednesday, as mining

giant BHP Billiton said it will cut about 6,000 jobs amid

falling demand for commodities.

Copper for March delivery fell 7 cents, or 4.6%, to end at

$1.43 a pound on the New York Mercantile Exchange.

London three-month copper fell $121 to $3,220 per tonne as

inventories in London Metal Exchange warehouses added 8,375

tonnes to 417,475 tonnes on the session.

MARKET ALERT ON JAN 21 WEDNESDAY 9.30 PM IST

As forecasted earlier MCX Feb Copper achieved target

of Rs 158.80.

Sell was advised at Rs 163.50.

MARKE ALERT ON JAN 21 WEDNESDAY 5.00 PMIST

MCX Feb Copper is expected to test Rs 158.30 ,

if it sustains below Rs 166.20.

CMP Rs 163.50.

JAN 21 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 162.10 , S2 RS 159 , S3 RS 155

R1 RS 166.40 , R2 RS 169 , R3 RS 171

MARKET ALERT ON JAN 21 WEDNESDAY 11.15 AM IST

MCX Feb Copper is expected to test Rs 169,

if it holds above Rs 162.60.

CMP Rs 164.90.

JAN 21 WEDNESDAY


SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 162.10 , S2 RS 160 , S3 RS 158

R1 RS 166.40 , R2 RS 169 , R3 RS 171


Copper, aluminum and nickel led declines in industrial

metals in London on speculation that demand will weaken

as the U.S. housing slump worsens.

Copper for delivery in three months on the London Metal

Exchange dropped $170, or 5 percent, to $3,260 a metric

ton as of 10:54 a.m. local time. That’s the biggest

intraday decline since Jan. 12. Aluminum fell $35, or

2.5 percent, to $1,388 a ton. The contract earlier reached

$1,370, the lowest since July 2003.

Inventories of copper in warehouses monitored by the exchange

jumped 3.9 percent to 409,100 tons, the highest since

January 2004. Aluminum stockpiles gained 0.6 percent to

almost 2.6 million tons, the most since July 1994.

MARKET ALERT ON JAN 20 8.50 PM IST

MCX Feb Copper is expected to test Rs 169,

if it sustains above Rs 162.50.

CMP Rs 165.30.

JAN 20 TUESDAY

TRADING LEVE;S FOR EVENING NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 160.40 , S2 RS 158 , S3 RS 156

R1 RS 164.40 , R2 RS 166 , R3 RS 168.50

MARKET ALERT ON JAN 20 TUESDAY 4.00 PM IST

As forecasted earlier MCX Feb Copper is now at

Rs 162.90.

Low risk traders can book profit or others can hold

for a target of Rs 161 and have a trailing stop loss

above cost.

Sell call was advised at Rs 164.70.

MARKET ALERT ON JAN 20 TUESDAY 3.00 PM IST

MCX Feb Copper is sexpected to test Rs 161.10

if it sustains below Rs 167,

CMP Rs 164.70.

JAN 20 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND ; BEARISH

S1 RS 166 , S2 RS 164 , S3 RS 161.50

R1 RS 170 , R2 RS 172 , R3 RS 174.50

BUY ON DIPS FOR INTRA DAY.

Copper climbed to a one-week high, pacing a rally in industrial

metals, on optimism U.S. president- elect Barack Obama's

stimulus package will lift the world's largest economy out

of a recession.

Copper advanced as much as 3.6 percent to $3,475 a metric ton

on the London Metal Exchange, the highest since Jan. 12. It

traded at $3,410 at 3:48 p.m. in Singapore, extending the

2.3 percent increase Jan. 16.

Inventories monitored by the London Metal Exchange climbed to

a five-year high of 391,525 tons on Friday. Stockpiles in

Shanghai warehouses fell 30 percent, the most in almost a year,

to 15,871 tons last week, before the Lunar New Year next week.

JAN 19 MONDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 164 , S2 RS 162 , S3 RS 160

R1 RS 168.30 , R2 RS 170 , R3 RS 172

MARKET ALERT ON JAN 19 MONDAY 10.4 AM IST

MCX Feb Copper is expected to test Rs 171.70

and Rs 173 , if it sustains above Rs 164.20.

CMP Rs 167.50.

JAN 19 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 164 , S2 RS 162 , S3 RS 160

R1 RS 168.30 , R2 RS 170 , R3 RS 172

Copper and other base metals witnessed good activity

during the week end and they can sustain the gains

only on a clear sign of economic revival , in particular

in the way China behaves in the market.

Copper was at $ 3395 up $ 115.

Analyst feel that it would seem to lok more positive

if it closes above $ 3400.

LME stocks were up but Shanghai stocks were off

sharply for the week.

Support is at $ 2845 and resistence is seen at $ 3400 .

JAN 16 FRIDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

FOR JAN 16 FRIDAY


SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 164, 162, 160

RESISTANCES ; 167.30, 169,171

WAIT FOR CONFIRMA6TION

TECHNICALS FOR JAN 16

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 158, 154, 151

RESISTANCES ; 162.60, 165.60,

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

MCX FEB COPPER

SHRT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 158, 154, 151

RESISTANCES : 161.60, 164.40, 168

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 15 THURSDAY 1.10 PM IST

MCX Feb Copper as forecasted has achieved inital

target Rs159 in our recommended sell at Rs 162.50.

Hold shorts for target Rs 155.75 and revise stop loss

to Rs 160.40.

MARKET ALERT AT 10 AM JAN 15

MCX FEB COPPER CMP RS.162.50 EXPECTED TO

TEST RS. 159 , CURRENT RESISTANCES SEEN AT

RS.164.50.

TECHNICALS FOR JAN 15

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 161, 159, 154

RESISTANCES ; 164, 166.60, 169

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 14 WEDNESDAY 9.15 PM IST

MCX Feb Copper is expected to test Rs 159 ,

if it sustains below Rs 164.60

CMP Rs 162.

MARKET ALERT ON JAN 14 WEDNESDAY 7.30 PM IST

Book profit in MCX Feb Copper at CMP Rs 161.65.

Sell call was advised at Rs 164.

TECHNICALS FOR NYMEX TRADING

JAN 14

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 162, 159, 154

RESISTANCE : 166.60, 169, 172

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 14 2009 3.10 PM IST

MCX Feb Copper is expected to test Rs 159,

if it sustains below Rs 166.40.

CMP Rs 164.

TECHNICALS FOR JAN 14

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 166, 162, 158

RESISTANCES ; 171, 175, 179

WAIT FOR CONFIRMATION

TECHNICALS FOR NYME TRADING JAN13

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 156, 153, 150

RESISTANCES ; 159, 162, 166

STAY SHORT AT RESISTANCES

MARKET ALERT AT 2 PM JAN 12

MCX FEB COPPER LIKELY TO GO DOWN UPTO

RS.153.20 LEVELS. HOLD SHORTS RECOMMENDED

THIS MORNING AT RS161.50.

MARKET ALERT ON JAN 13 TUESDAY 12.15 PM IST

As forecasted earlier Copper is approaching Rs 158.

It could further test Rs 155.40.

MARKET ALERT AT 10.30 AM JAN 13

MCX FEN COPPER APPEARS WEAKBELOW RS.161.50

AND IS LIKELY TOTEST RS.158, CURRENT

RESISTANCE SEEN AT RS.163.50.

TECHNICALS FOR JANUARY 13

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 161, 158, 154

REISTANCES : 163, 166, 171

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 161, 158, 154

RESISTANCES ; 165, 169, 172

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 12 MPNDAY

MCX Feb Copper is expected to test Rs 175.45

Maintain a stop loss of Rs 168,

CMP Rs 171.20.

JAN 12 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 165 , S2 RS 162 , S3 RS 158

R1 RS 172 , R2 RS 175 , R3 RS 181

WAIT FOR CONFIRMATION.

MARKET ALERT ON JAN 8 FRIDAY

Book profit in MCX Feb Copper at CMP Rs 162.20,

earlier in the day.

Sell initiated at Rs 163.30.

TECHNICALS FOR NYMEX TRADING

JAN 9

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 12, 158, 155

RESISTANCES ; 165, 168.60, 172

STAY SHORT AT RESISTANCES

MARKET ALERT AT 4.15 PM JAN 9

MCX FEB COPPER CMP RS.163.30 EXPECTED

TO TEST RS.161.30 , RESISTANCE IS NOW SEEN

AT RS.166.

MARKET ALERT JAN 9

COPPER FTURES JUMPED BY THE EXCHANGE -IMPOSED

DAILY LIMIT IS SHANGAI, HEADING FOR THE BEST

WEEK IN MORE THAN 2 -3 YAERS, ON SPECULATION OF

OUTPUT CUTS AND INCREASED STATE BUYING IN THE

WORLDS' LARGEST CONSUMER.

TECHNICALS FOR JAN 9

MCX FEB COPPER

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 158, 155, 153

RESISTANCES ; 163, 165.50, 168

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 8 THURSDAY 6.10 PM IST

MCX Feb copper is expected to test

Rs 158.10 ,

Maintain a stop loss above Rs 163.10

Cmp Rs 160.90.

TECHNICALS FOR NYMEX TRADING

MCX FEB COPPER

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 160, 157, 154.40

RESISTANCES ; 164, 168.30, 172

STAY SHORT AT RESISTANCES

MARKET ALERT ON JAN 8 THURSDAY 1.10 PM IST

Book profit in MCX Feb Copper at CMP Rs 162.50

as per sell call given earlier.

MARKET ALERT ON KAN 8 THURSDAY 11.45 AM IST

As predicted earlier MCX Feb Copper is now at

Rs 161.40 , could test Rs 160.30.

Market Alert on Jan 8 Thursday 10.15 AM IST

MCX Feb Copper could test Rs 160.30.

Traders should maintain a stop loss of

Rs 166.80.

JAN 8 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BULLISH

S1 RS 163 , S2 RS 161 , S3 RS 159.40

R1 RS 166 , R2 RS 168.30 , R3 RS 170

STAY SHORT AT RESISTENCE.

Copper surged to a monthly high on Tuesday, adding to its

recent rally. March copper rose to $1.583 a pound, up 12.4

cents for the day. The red metal hit as high as $1.585 in

intraday .

The metal has gained more than 18 cents already in 2009 as

President-elect Barack Obama's possible stimulus package

could bolster the struggling economy. Copper gained 12%

last week.

But copper prices ended lower ending an earlier rally to a

one month high as investors returned their focus to

a slowing economy.

The prices are also pressured by a continuous rise in

LME.

TECHNICALS FOR NYMEX TRADING

JAN 7

MCX FEB COPPER

SHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH

SUPPORTS ; 161.40, 158, 155

RESISTANCES ; 173, 175.40, 178

WAIT FOR CONFIRMATION

MARKET ALERT AT 11AM JAN 7

MCX FEB COPPER LIKELYTOTEST RS,176 LEVELS,

CURRENT SUPPORT SEEN AT RS.172.

TECHNICALS FOR JAN 7


MCX FEB COPPER

SHORTTERM : BULLISH

LONG TERM : BULLISH

SUPPORTS : 168.40, 165, 162

RESISTANCES : 173, 175.40, 178

STAY LONG AT SUPPORTS

TECHNICALS FOR NYMEX TRADING

JAN 6

MCX FEB COPPER

SHORT TERM ;BULLISH

LONG TERM ; BULLISH

SUPPORTS ; 165, 161, 157

RESISTANCES ; 169, 172, 175

STAY LONG AT SUPPORTS

MARKET ALERT AT 4 PM JAN6

MCX FEB COPPER HIT OUR TARGET RS.167.50

AS FORECAST EARLIER.

MARKET ALERT AT 12.30 PM JAN 6

MCX FEN COPPER CMP RS. 163.20 IS EXPECTED

TO TEST RS. 167.50 LEVELS , CURRENT SUPPORT

SEEN AT RS.160.80.

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.

MARKET ALERT AT 6 PM JAN 5

MCX FEB COPPER CMP RS.156.30 IS EXPECTED

TO TESE RS.153.50 LEVELS, RESISTANCE IS SEEN

AT RS.158.60.

TECHNICALS FOR NYMEX TRADING

MCX FEB COPPER

SSHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH

SUPPORTS ; 157, 154.60, 152

RESISTANCES : 162, 165, 168

MARKET ALERT ON JAN 5 mONDAY 1.00 PM IST

MCX Feb Copper is expected to test Rs 163 ,

if it sustains above Rs 158.

JAN 5 MONDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BULLISH

S1 RS 157 , S2 RS 154.60 , S3 RS 152

R1 RS 162 , R2 RS 165 , R3 RS 168

STAY LONG AT SUPPORT.

Copper gained as much as 6.4 percent on the London Metal

Exchange on Jan. 2, while zinc climbed as much as 7.5

percent on speculation funds tracking the Dow Jones-

AIG Commodity Index may make purchases. The Shanghai

exchange opened for trading today after closing Dec.

31 for the New Year holidays.

Copper for March delivery on the Shanghai Futures Exchange

rose 6 percent from the previous settlement price to

24,810 yuan ($3,636) a metric ton. Zinc in Shanghai

also surged the 6 percent daily limit to 10,550 yuan

a ton.

MARKET ALERT AT 7 PM JAN2

MCX FEB COPPER LIKELY TO TEST RS.161 LEVELS ,

SUPPORT SEEN AT RS.154.2. CMP RS.156.9

TECHNICALS FOR NYMEX TRADING JAN 2

MXC FEB COPPER

SHORT TERM ; BULLISH

LONG TERM ; BULLISH

SUPPORTS : 152, 148.30, 144

RESISTANCES ; 159, 162.60, 166

STAY LONG AT SUPPORTS

MARKET ALERT AT 1.30 PM JAN 2

MCX FEB COPPER CMP RS. 153, IS EXPECTED

TO MOVE UP RESISTANCES SEEN AT RS.156,

AND CURRENT SUPPORT IS AT RS.151.

DEC 2 FRIDAY

SHORT TERM TREND: BULLISH

LONG TERM TREND : BEARISH

S1 RS154, 151, 148


R1 RS 158, 162, 165


STAY LONG AT SUPPORTS

Copper Heads for Biggest Drop in 21 Years as World Growth Slows .

Copper headed for its biggest annual drop in more than

two decades in London trading. The metal pared its

decline today on optimism governments will succeed

in reviving economic growth next year.

Copper for delivery in three months rose $115, or 4

percent, to $3,030 a metric ton as of 3:28 p.m. on the

London Metal Exchange. The metal reached a record $8,940

on July 2. Futures for March rose 4.1 percent to $1.374

a pound in electronic trading on the Comex division of

the New York Mercantile Exchange.

Stockpiles of copper metal monitored by the LME have

expanded to their biggest since February 2004.

TECHNICALS FOR EVENING TRADE

JAN 1 2009

MCX FEB COPPER

SHORT TERM ; BULLISH

LONG TERM : BEARISH

SUPPORTS ; 153, 150, 146

RESISTANCES ; 158, 162, 165

STAY LONG AT SUPPORTS

TECHNICALS FOR JAN 1 2009

MCX FEB COPPER

SHORT TERM ; BULLISH

LONG TERM ; BEARISH

SUPPORTS ; 152, 149, 145

RESISTANCES ; 155, 159, 162

STAY LONG AT SUPPORTS