MCX Copper Trend :- Today Copper is showing bearish trend.Copper prices witnessed a selloff after testing the resistance at 426 -428 zone. For the day prices are expected to trade within 424 – 414, one can sell
on rise.
MCX Copper Tips :- Sell around 423.50 Target 420.50-415.50.once cross above 425 then exit shorts and go long with stop loss below 420.50 for the target of 428 and 431.50.
Buy around 415.50 target 418.50-423.50 once breake below 414 then exit longs and go short with stoploss above 418.50 for the tgt of 411 and 408.
Nickel Trend Today :- Nickel prices are witnessing support on lower end around 918 -915 and
resistance at 940 -945, prices are expected to trade within the range.
Oscillators are heading up.
Nickel Trading levels :-
Support-902|927
Resistance-936|957.
Kapas ncdex Today :- Prices broke the crucial support of 790 in the previous session. For the day, as long as prices trade below the same, we could then see liquidation pressure towards 775
followed by 760. However, an unexpected rise above 800 would result in a pullback rally towards 825 levels in the immediate run.
NCDEX Kapas Trading level :-
support-3650|3550
Resistance-3725|3810
NCDEX Chana Trend Today :- As long as prices stay above 3650, a bounce back may be seen towards 3700 followed by 3750 levels.
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