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COPPER UPDATE


Copper after broken 412 levels fell down sharply to test 366 levels and

for past three weeks it has gained momentum and tested a high of 410

levels which is very crucial resistance level, for this week one need

to watch the INR move which has actually pulled the prices up to this

extent, for the week ahead there are two strategy for the commodity.


1) Sell Copper at cmp and on rises up to 412.5 with stops above 416.5

for target of 406 and 402 levels.

2) Buy Copper Only above 413 (on closing basis) and then add on dips up

to 410 with stops below 405 for target of 418 and 420..