Moneycontrol
Nov 30, 2016 05:44 PM IST IST | Source: Moneycontrol.com

Copper to trade in 384.4-402 range: Achiievers Equities

According to Achiievers Equities, Copper prices dropped as profit-taking continues and global risk-on sentiment pauses.



Achiievers Equities report on Copper


Copper


Copper trading range for the day is 384.4-402.


Copper prices dropped as profit-taking continues and global risk-on sentiment pauses.


China’s imports of refined copper tumbled by 44.7 per cent year-on-year to 189,812 tonnes in October, a new low in three and a half years.


Despite a year-on-year drop in October, imports totaled 2.99 million tonnes from January to October, up 3.32 per cent year-on-year.


SELL COPPER NOV BELOW 390 SL ABV 394.80 TGT 387.20-384.40. MCX.

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.

X
Sections
Follow us on
Available On