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MARKET UPDATE

Copper after a big rally dropped to 454 levels but managed to

 close above 458 levels on weekly basis, strong support now

 remains at 458 and 454 and resistance remains at 464 and 470 levels.

 Only a close below 454 will be considered as a bearish signal

 to test 445 and 440 levels till then market is expected to move

 towards northwards , keep a track on inr also.

Weekly call :

Buy copper at cmp 461 and on dips up to 458 

with stops below 454 for target 470.

.( can add further above 464

 for extended target of 474 and 476..

Sell copper only below 454

 with stops above 460

 for target 445 and 440.