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Sunday, May 4, 2014

MCX COPPER UPDATES FOR MAY 4 2014

SUNDAY



MARKET UPDATE


Copper prices last week dropped form 420 to 403 levels

in the expiry contract , jun contract dropped up to 405.5

level and close at 411.55 which is above its crucial

resistance, weekly closing shows positive sign and we

expect prices to move northwards to test 420 to 424 levels.

Weekly Call :

Buy Copper at cmp 411.5

and add on dips up to 408

with stops below 405

for targets 420 and 424.