Buy MCX Copper; stoploss Rs 453: Dani Commodities
Dani Commodities has come out with its report on metals and energy. According to the research firm, one can buy MCX Copper at Rs 455 with a stop loss of Rs 453 for target price of Rs 458.
September 26, 2013 / 12:26 IST
Dani Commodities' report on metals and energy
Copper declined by Rs 2.7 per kg at the time of settlement at MCX*The prices were at Rs 456.5 per kg*The metal tested a high of Rs 460.85 per kg, against a low of Rs 456.1 per kg*The prices have formed a still resistance of Rs 459 and 462 per kg, which is looking difficult to cater at the current juncture*Meanwhile, a support of Rs 451 per kg is expected to be tested in Copper if the current wave of selling continues in the contract*MCX COPPER
Domestic: Buy at 455, Stoposs 453, Target 458.MCX GOLD
International: Major Support at USD 1250. Bearish below USD1250.
Domestic: Sell at 30200, Stoposs 30280, Target 30070.MCX SILVER
International: Major Support at USD19. Bearish below USD19.
Domestic: Sell at 49050, Stoposs 49350, Target 48500.MCX CRUDE OIL
International: Major Support for WTI at USD100 Bullish above USD 100
Domestic: Buy at 6400, Stoposs 6380, Target 6450.
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