Friday, June 22, 2012

MCX Copper Tips and Trend For Today

MCX Copper Trend:
MCX Copper is trading with a consolidate to positive trend. Copper is currently trading at 414 level up by 0.12% of yesterday's close. As the market data suggest that base metal group to trade in a down trend because of the sharp downside in the Indian Rupee. Mainly Copper trend suggest that it will trade in a sideways trend. It has a crutial support at 410 and a strong support at 420 at the moment.

MCX Copper Tips:
We suggest to Sell MCX Copper June futures below 415 levels with a stoploss of Rs 420 and target price of 408.

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