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Sunday, September 22, 2013

MCX COPPER UPDATES FOR SEPT 22 2013

SUNDAY

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MARKET UPDATE


Copper could not able to gain pace above 470 levels last week 

twice it went up to 470 levels but again corrected and closed at 465 levels , 

INR played a major role in the price movement , so one should

 consider the inr move along with copper move. 

Technically  prices seems to trade in side ways  for the days to 

come however one can short the position with stops above 476

 for 450 levels as target.

Weekly call.


Sell gold at cmp 466 and add further on rises up to 470

 with stops above 476

 for targets 450.