Copper has been trading in
consolidating mode for last couple of days. Though near term copper
trend is positive but we can expect a slight downside before the
actual upthrust. 416.50 is supporting level for MCX copper below
which can attract sellers and push prices further down to 414-410
levels. Buying can be initiated above 424 level, keeping 427-430
levels as targets.
Silver is trading dull on MCX. With
slight edge, trading above 53300 level. Breaching 53600 level in
Silver commodity can increase the buying interest of traders and we
can see Silver to go up to 54000-54500 thereafter.
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