4:14 PM
Nifty Tips
MARKET OUTLOOK
Copper is in a consolidation phase and traders should adopt the strategy of buy on lower levels. COMEX Copper, in last week could managed to prevail its higher level and finally closed near its week high. In coming week, If COMEX Copper does not sustains above the level of 447, below the level of 437 Copper may test the level of 430.
In MCX INDIA if Copper sustains below 432, it may touch the level of 425 if it does not break the level of 439 on the upside. While above 439, more higher levels like 445 can be seen.
In MCX INDIA if Copper sustains below 432, it may touch the level of 425 if it does not break the level of 439 on the upside. While above 439, more higher levels like 445 can be seen.
TECHNICAL LEVELS AND TRADING STRATEGY
For the upcoming week 446 and 460 will act as major resistance and 425 and 415 will act as major supports in COMEX Copper.
For MCX Copper major resistance would be 440 and 450 and supports would be found at 410 and 400.
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