Base Metals Updates- Copper, Zinc Nickel and Lead Trend

 MCX Copper may notice some decline following the global cues. On the domestic front, Support for August copper is seen at Rs.415 while resistance is seen at Rs.421. On the other side, aluminium is showing good strength and trend for today is expected to be up. Support for Aluminum July contract is seen at Rs.102.5 while resistance of Rs.105.5.
Zinc Levels - Support for MCX Zinc July contract is seen at Rs.100 while resistance is seen at Rs.103.
MCX Nickel - Support for  Nickel July contract is seen at Rs.875 while resistance is seen at Rs.905.
MCX Lead - Support for Lead July contract is seen at Rs.103 while resistance is seen at Rs.106.

MCX Lead Updates : Trading Tips for Today

Yesterday lead MCX May Futures traded with Range bound and closed in flat node at 114.40.
Today we can expect prices to trade with bearish trend towards 112-111 levels and if the same doesn't happen, prices may go up towards 115-117 levels in near term. In Broad perspective, the overall trend is positive and I can expect lead to test 117 level in the current week

Support for lead is seen near 111 and break and sustain below this level lead can fall down to 109 levels.