Copper may test support at Rs 410 on downside: Nirmal Bang
Nirmal Bang has come out with its technical report on metals & energy. According to the research firm, Copper prices are expected to test the support at Rs 412 - Rs 410 on lower end. One can sell on rise for intraday around Rs 419 with a stop loss above Rs 422," says the research firm.
July 04, 2013 / 16:38 IST
Nirmal Bang's report on metals & energy
Gold prices are expected trade sideways from 26550 to 26150 one can trade within the range with a negative bias.Silver prices are expected to trade sideways from 41850 to 41000, one can buy on dips around 41100 -41150 with a stop loss below 40800.Copper prices are expected to test the support at 412 - 410 on lower end one can sell on rise for intraday around 419 with a stop loss above 422.Nickel prices are expected to trade within the range from 845 to 820. One can trade within the range as prices are trading sideways or wait for a break out either side.Lead prices are expected to trade sideways to negative from 125.50 to 122. For intraday one can sell around 124.50 – 124.80 with a strict stop loss above 126.Crude oil prices are expected to cool off one can sell if sustains below 6090 for intraday with a strict stop loss above 6140. Prices are expected to test Rs 6020-6000.(Prices in Rs.)Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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