TUESDAY



MORNING UPDATE




Chinas announcement to cut taxes for manufactures from next 



month could boost growth in the  worlds second largest economy .


In the Mcx yesterday  copper opened around 447


and hit a high of Rs 447.40


and a low of 442.50 , before closing at 443.30


A stronger rupee put pressure on the prices .



In the Mcx Currently trading at Rs 444


A close below 443 could see further weakness even 


up to 436



Immediate support is now seen at Rs 440



Levels are as under



Support 1 442 



Support 2 440


Resistance 1 445.50



Resistance 2 447.80



We will keep updating