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Monday, February 29, 2016

COPPER UPDATES FOR FEB 29 2016

MONDAY





TRADING LEVELS FOR MORNING SESSION




MCX COPPER




SUPPORT 319.40 311.90 303.70




RES 336.20 344.80 353.90





WAIT FOR CONFIRMATION




Copper on Friday in the LME broke 4750 levels and posted 3 months high after



the GDP data that was released .




On friday Copper opened on a low if 316



And in the evening session hit a high of 326.45



In the MCX Copper now looks positive if holds above Rs 318.50



With immediate support seen below Rs 315.50


And cld Tgt 321.50/ 324.50


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