MONDAY 3.45 PM IST



WEEKLY UPDATE

Mcx Copper last week jumped after a breakout above 350 levels

 and tested all time high of 405 and then dropped drastically to 

close at 375 levels, trend for the commodity remains positive

 but buy on dips is advisable even in early trades at USA prices

 are trading with positive note, however buy on dips is advisable

 or buy near supports is advisable.Immediate supports for the 

commodity is at 367 – 360, resistance for the commodity is

 at 385 – 390 and 400 levels.

Weekly Call :

                (Low risk )Buy Mcx Copper on dips between 365 – 370

 with SL below 350

 for targets 390 – 400.

                (High Risk) Buy Mcx Copper at Opening between 375 – 378 levels

 and add further on dips up to 365

with SL below 350\

 for targets 400 – 410 – 420 (Positional) 

           
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