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Monday, September 9, 2013

MCX COPPER UPDATES FOR SEPT 9 2013

MONDAY

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MARKET UPDATE]

Copper after a big rally has dropped to 476 levels now strong

 support for the commodity remains at 468 and then 459 levels ,

 resistance remains at 484 492 and 498 levels, for the week ahead  

copper may test its support levels in the first half and then prices

 may expected to bounce back , so one can buy copper on dips for 

targets 484 490 and 495 levels.

Call :

Buy copper at cmp 476 and on dips up to 470

 with stops below 464 for targets 484 490 and 495 levels.

High risk call those who wish to take sell opp can initiate the sell call ,

 we recommend copper to buy on dips only..

Sell copper at 480 and add further on rises up to 484

 with stops above 488  for target