Buy MCX Copper; target of Rs 484: Dani Commodities
Dani Commodities has come out with its report on Copper. According to the research firm, one can buy MCX Copper at Rs 481 with a stoploss of Rs 479 for target price of Rs 484.
September 06, 2013 / 12:14 IST
Dani Commodities' report on Copper
The rise towards medium term resistance of Rs 491 looks unlikely in Copper, fresh shorts positions in the metal is lined at Rs 487 per kg*The prices settled at Rs 483.5 per kg on Thursday*Supports for the contract are at Rs 481 and 479 per kg*The volumes have been on the higher side reaching 59102 kgs*A fresh round of buying will be seen only when Copper breaches the short term resistance of Rs 487 per kg*MCX Copper
Domestic: Buy at 481, Stoploss 479, Target 484.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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