In our morning update we have clearly mentioned that base metal took U-turn from lower levels. Still
trend is positive. So buy on dips or sharp panic will be best trading strategy.
Copper
Above 345... our target was 351---355. Just made
a high of 352.10
Now what to expect???
Copper has support at 345 and Resistance at 355
Still looks positive and could test 355 mark. Three
consecutive closes + weekly close above 355 will take to 363---368+ mark in
days to come
In panic will buy... Revise stop loss below 345 on closing
basis. Any thing seems will update
Zinc
Told to buy Zinc around 112.80---112.50. Flared like
anything and hit 118.25. Our target was 118---121
Now what to expect???
Close above 118 will take to 120----121. Three
consecutive closes + weekly close above 121 will see nonstop rally in Zinc till
???
Double bottom target intact 127+
Trade with levels only... Any reversal seems will update via
SMS
Lead
Told sent message to buy Lead above 112.50. Too flared like
anything and hit 115 mark. Our target was 117---118.50+ mark
Now what to expect???
Still looks positive and close above 115 could test its resistance level of
117---118.50+ mark in days to come.
Trade with levels only... Any reversal seems will update
Aluminium
Above 102... our target was 105---106.50. Just
made a high of 103.90
Now what to expect???
Close above 104 will see further upside rally till
105---106.50+ mark in days to come
Hope you all enjoyed rally in Aluminium.. Trade with levels
only... Any reversal seems will update
Nickel
Flared like anything and hit 4% upper circuit. Told to buy
around 660
Now what to expect???
Three consecutive closes + weekly close above
690 will see fire in Nickel till 725---740 and then to 780+ mark in days to
come
We booked part profit and revise stop loss at cost to cost
More will be update soon!!
