Copper April inched 4.75 rupees down to settle at 438.90. Copper closed just nearer immediate support of 437 with a bearish note. Today price objective for bulls would be 446 any sustained move above that level would bring more charm and then 449-453 and more upside is likely. Support is now seen near 436.50 any move below that level would bring 433-31-428 on cards.
Copper trading range for the day is expected among the key support at 436 and resistance at 444.
Â§ Today selling copper on jumps around 440-441 with stop loss above 445 on closing basis for targeting 433-428 and more down side might be appropriate in short term.
Â§ In alternative scenario selling below 438 with stop loss above 442 for targeting 433-431-428 and more down side might be appropriate.
Are you stuck in Buying/Selling decision of stocks…. We are just a call away