Base Metals: MCX Nickel and Copper Trend for Today

Base metals are trading on higher note in MCX. Nickel, with a gain of more than 1%, is trading above 870 level and its nearest support level is 877 while on the downside, support level is 858. Downside is expected below 855 level.

Trend- Up, recommendation- Buy

Copper is facing a resistance at 224 level and a breach above the same would require to see more momentum in this base metal. However, major level to breach is 428-432 for a sustained upside. We can see copper to reach 424-427 if it consistently sustains above 221 level.

Trend – Up, recommendation- Buy

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