Copper prices fell to their lowest level in four years on the Shanghai Futures Exchange on Monday, after tanking 5 percent, a move which analysts say underscores China`s bleak outlook following weak data and the country`s first ever corporate debt default.
Ram Pitre of ITI suggests buying copper on MCX May contact between Rs 442 per kilogram and Rs 444 per kilogram with a stop loss of Rs 440 per kilogram for a target price of Rs 450-452 per kilogram.