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Base Metal Updates :- Copper prices are expected to trade positive one can maintain a stop loss below 434, we expect prices to test 445 – 447 on higher end.Nickel prices are expected trade within the range from 980 to 940, one can buy around 947 with a stop loss below 935.
MCX Crude oil Updates :- Crude price are likely to remain sideways from 4780 to 4870 one can enter long around 4820 with a stop loss below 4780.
NCDEX Trend Today :- Maize Dec NCDEX: Prices plummeted sharply on Saturday from a high of 1434,
closed the day at 1378 levels. For the day, waiting for a mild short covering to 1390 before it resumes the lower correction towards 1370 followed by 1350/1330 levels. The daily RSI is dipping lower indicating further potential to fall. On the other side, it has to consistently trade above 1440 for the trend to turn bullish in the near term.
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