Friday, July 4, 2008

copper intraday

Yesterday the LME copper was 25mt against the previous of 125mt. Copper has touched a low of Rs 374.3 a kg after opening at Rs 382.9, and last traded at Rs375.35.For today market is looking for the support at 371.30, a break below could see a test of 367.20 and where as resistance is now likely to be seen at 382.10, a move above could see prices testing 389.60.
Trading Ideas
• TRADING RANGE IS 367.20-389.60
• COPPER IMP SUP IS AT 372.
• BUY COPPER @ 372-373.50 SL 370 TGT 375.50-378.80-380.20. MCX
• ONLY A BREAK OF 370 CAN BRING SELLING PRESSURE TILL 364.80. MCX

MCXARUN
9994500540

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