TUESDAY



Base  Metals are trading mixed this morning with Copper 


holding to its gain .


Yesterday copper broke the crucial resistance  of Rs 430 


And traded higher .


As London markets were closed not much movement was there 


in the morning session .


Evening market after U S markets opened prices 

came under pressure 


after escalating trade tensions came under focus .


Traders have to keep in mind that April - May period is the 


peak season for copper demand in the Chinese markets .


China has announced on Monday that it will 


implement import tariffs


on 128 types of U S origin goods from Monday onwards .


Market is worries that these trade restrictions 

could hurt global economic growth .


In the Mcx currently trading at Rs 440.65


Strong support at 440 


If it is broken next supports are seen at Rs 439.20 / 436.80 and 435


Resistance seen at Rs 442.20/443.60 and 445

We will keep updating ,.


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