Copper Feb MCX Sell around 447.50 SL 450.50 TGT 444.50
Base metal prices have opened on a positive note as LME prices are trading up by 0.10% to 0.60%. Overall trend for metals look bearish for the day. On Friday, base metals on the LME closed mostly lower following downbeat news from top industrial metal consumer China, with opinions differing on the near-term outlook for the complex. MCX Copper prices have resistance of Rs.449 and Rs.451 while on the lower side, prices may touch Rs.445 and Rs.443 levels. Intra-day traders may employ sell-at-higher-levels strategy.
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