Buy MCX Copper at Rs 446.50, target Rs 448.50: Dani Comm

Dani Commodities has come out with its report on commodities. According to the research firm, one can buy MCX Copper at Rs 446.50 with a stop-loss of Rs 444.30 for the target of Rs 448.50.

International Pepper Community, the pepper market at some origins was steady during the week and prices remained firm, although the harvest in India and Vietnam is approaching. Pepper prices in Kochi, India were reported stable during the week at INR 372 per kg for ungarbled black and USD 7,044 per mt fob for Malabar garbled. When compared to average price in the previous week, the price increased marginally. Futures prices also increased up to 2%. In Vietnam and Lampung, the price also increased. The reported increased demand has pushed the price up. In Sri Lanka and Sarawak, prices were reported stable. Local prices of white pepper at origins were stable during the week. In Sarawak, fob price of white pepper decreased marginally. MCX GOLD
International: Major Support at USD1700. Bearish Below USD1700.
Domestic: Buy above 31178, Stop loss 31130, Target 31240. MCX SILVER
International: Major Support at USD29. Bearish Below USD32.
Domestic: Buy above 61540, Stop loss 61300, Target 61850 MCX COPPER
Domestic: Buy at 446.50, Stop loss 444.30 Target 448.50 MCX LEAD
Domestic: Buy at 124.50, Stop loss 124, Target 125.20 MCX ZINC
Domestic: Buy at 112.80, Stop loss 112.30, Target 113.50 MCX ALUMINIUM
Domestic: Buy at 115, Stop loss 114.50, Target 115.60. MCX NICKEL
Domestic: Buy above 977, Stop loss 969.90 Target 992. MCX CRUDE OIL
International: Major Support for WTI at USD84 Bullish above USD 91
Domestic: Buy at 4740 Stop loss 4710 Target 4780. MCX NATURAL GAS
Domestic: Sell at 180.50, Stop loss 182, Target 177 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. To read the full report click on the attachment

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