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Thursday, February 20, 2014

MCX COPPER UPDATES FOR FEB 20 2014

THURSDAY


MARKET UPDATE


Copper dropped at open and looks to test next support 

around Rs 447 and take strong support support there .

Sell on small rises advised up to Rs 449 

Nickel could trade sideways around Rs 890 to 900 levels 

Lead could  trade around Rs 132.50 to 133.50

Positive only above Rs 133.50 

else to support around Rs 132

Zinc mild weak below Rs 128

To test around Rs 126 levels 

Overall base metals looks range bound 

Wait for fresh entry