MCX COPPER NOVEMBER
On Thursday, copper prices remained volatile and traded in the broad range of 445.50 – 452. On the daily chart the key trend line support is at 442 as long as it holds above that the bullish potential remains intact and thus we recommend buying on corrections around 446 levels with stop loss at 442 levels.
NCDEX CHANA NOVEMBER
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After falling down till the contract low of 4772, chana November contract prices have been reverting back from the lows and on Thursday it moved up 2.20% and ended at 4967. The immediate trend line resistance is at 5020, surpass above that will shift the commodity to positive. Therefore, we recommend buying on a break of 5020 for upside targets of 5150 then 5220.
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