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Monday, October 18, 2010
MARKET ALERT ON OCT 18 MONDAY 12.25 PM IST
Base metals opened gap down and wld prefer to wait for clear
trend to emerge for fresh positions. Copper strong support
at Rs 370/ 368..60 and Res at Rs 372.80 / 374.10 ,
Nickel striong support at Rs 1042 / 1036 ,
Res at Rs 1058 / 1065 .
Zinc and Lead trading range Rs 104 to 106 for now.
Low risk traders best advised to wait for entry
till clarity comes .
Base metals opened gap down and wld prefer to wait for clear
trend to emerge for fresh positions. Copper strong support
at Rs 370/ 368..60 and Res at Rs 372.80 / 374.10 ,
Nickel striong support at Rs 1042 / 1036 ,
Res at Rs 1058 / 1065 .
Zinc and Lead trading range Rs 104 to 106 for now.
Low risk traders best advised to wait for entry
till clarity comes .
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