Today, Base metals are trading Lower in domestic market. despite a positive opening of 41.50, MCX copper Futures (August) made a low of 409.50 on Friday which cl;early indicates that breaching the stiff support level of 428 may increase the chances of straight fall in Copper and we can see prices to come below 400 level. Currently this base metal is trading in sluggish mode and trading near its opening price around 413 level. It is required for copper to trade above 416 for s sustained rally till 420-422.
For Intraday Trading, one can initiate buying in bullion metals. Buy Silver above 53450 for the targets of 53650-53850-54000.
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