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Sunday, May 11, 2014

MCX COPPER UPDATES FOR MAY 11 2014

SUNDAY


MARKET UPDATE


Out of all the base metals copper and nickel looks bullish and is expected


to trade in positive direction copper prices was holding well above its


strong supports and last week prices closed at 411.7 levels for the


week ahead we expect prices to test 420 levels, any dip is an

opportunity to buy the commodity.


Weekly Update :


Buy Copper at cmp 411.7 and on dips up to 409 levels


with stops below 405 levels


for target 420.