MCX base metals saw a weak opening today. All base metals have
seen a decline this morning. copper has dipped nearly 0.40% till now.
It is trading around 429 level and facing immediate support at
427.70. Breaching this level could extend the negativeness till
425-423 level. On the upside, 430.30 will be required to cross for a
bullish momentum.
MCX nickel is expected to trade sideways within a range of 883-
897. Breaching either side would trigger the trend accordingly. One
can sell Nickel below 889 for the targets of 883-878 while above 897,
buying is advised.
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