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      Technical comment for the day: Copper

      MoM Team / Mumbai, Jan 10, 2017 09:35 AM IST

        Technical comment for the day: Copper

        Copper ended the session on 9 Jan 2017 at INR 382.80 per kg. The prices tested a high of INR 384.70 per kg and a low of INR 380.10 per kg.

        Indian Copper has been breached important levels of Rs 383 during the day.

        A correction from here can take prices close to INR 378 per kg in medium term. On the higher side Rs 385 and 388 per kg are resistances.

        The ideal strategy can be to sell Copper on every significant rise. Selling from Rs 385 is expected in Copper today.


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      Source: Capital Market



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