All base metals are trading on a positive note today.
MCX Copper Tips
MCX Copper chart suggest that prices have reversed after taking support at 405 levels. RSI is in a buy mode. We expect prices to go up to levels of 414. For today in copper traders should go for buying at lower levels strategy, if copper sustains below the level of 404 we can see the level of 400 today, and above 411 it can touch the level of 415.
We suggest a Buy in Copper around 409 levels with a stop loss placed below 405 levels for targets of 414 levels.
MCX Nickel Tips
For Today chart of Nickel suggest that prices have reversed after taking support at 880 levels. RSI is in a buy mode. We expect prices to go up to levels of 920. For intraday Nickel traders should go for buying at lower levels strategy, if nickel sustains below the level of 873 we can see the level of 863, and above 894 it can touch the level of 906.
We suggest a Buy in MCX Nickel around 890 levels with a stop loss placed below 875 levels for targets of 920 levels
MCX Lead Tips
Technically In MCX Lead, chart suggest that prices have reversed after taking support at 105 levels. MACD is in a buy mode. We expect prices to go up to levels of 108. Intraday traders should go for buying at lower levels strategy, if lead sustains below the level of 105 we can see the level of 103.70, and above 107.40 it can touch the level of 108.10.
We suggest a Buy in Lead around 106 levels with a stop loss placed below 105 levels for targets of 108 levels.
MCX Zink Tips
Technical chart of Zinc suggest that prices are trading near a crucial resistance of 105. RSI is in buy mode. We expect prices to go up to levels of 106.50. Day traders should buy MCX Zink at lower levels, if Zink sustains below the level of 104.10 we can see the level of 103.80, and above 105.85 it can touch the level of 106.20.
We suggest a Buy in MCX Zink above 105 levels with a stop loss placed below 104 levels for targets of 106.50 levels.
