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Wednesday, February 17, 2010

MARKET ALERT ON FEB 17 WEDNESDAY 7.15 PM IST

MCX Feb copper now has support below Rs 326

Res is seen at Rs 332

CMP Rs 329

These are trading levels only

Seems to have a positive bias .

5 comments:

Dhananjay said...

would you advice fresh positions at these levels for 2-3 Rs up move?

akshaya said...

ATTENTION MR ACHU
Copper facing very strong Res at Rs 331 / 332 .
AKSHAYA

Dhananjay said...

Thank you :-), I have 1 lot @ 328.00.. shall I book my profit?

Dhananjay said...

Can I short copper now?

akshaya said...

SIRS, COPPER TESTED LAST NIGHT SHORT TERM SUPPORTS AROUND RS 325 AND BOUNCED BACK AGAIN TO RS 328 LEVELS AFTER DATAS RELEASED FROM US AT 8.30D PM WASPOSITIVE IN HOUSING STARTS AND INDUSTRIAL PRODUCTION; HOWEVER GAINS WERE LIMITED DOE STRENGTHENING OF USD; IMM SUPP NOW AT 326 AND CLD TEST RES 331.30.
AKSHAYA