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Nifty: 10894.7 +77.70 Silver: Rs.38989.00
MCX Copper February : Short positions for the target of Rs 3880 -
MCX Copper February : Short positions for the target of Rs 3880
Way2wealth | Published: 02 Jan, 2018  | Source :


After opening at 467.80 the copper prices dipped  till  the  low  of  464.70  and  thereafter  it  remained  on sideways note and ended with marginal losses  at 465.40. The copper prices making close below  the  trend  line  could  provide  correction  till supports  of  455  levels  in  coming  sessions. Therefore,we  continue  to  recommend  short positons for the targets of 460 then 456 levels.


On  Monday crude  oil  prices  witnessed  sharp  correction  as  soon  as  it  opened  at  3858  and dipped  till  the  low  of  3782  in  the  initial  hours. But  the  prices  recovered  once  again  and  ended above the supports of 3810. The prices surpassing the  major  resistance  is  indicating  bullish  signs thus  we  recommend  buying  around  3812  levels for upside targets of 3880 then 3920 levels.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.