As expected... Base metal skyrocketed and our buy call proven great. Still base metals looks positive on charts and rally remain continue till expiry.
Have a look on it!!
Copper
Told to buy around 311 with stop loss below 307.50. Just made a high of 316
Now what to expect???
Above 317.... will see further upside rally till 320---321 and then to 324 mark
Revise stop loss at cost to cost
Zinc
Told to buy around 102.50. Just made a high of 104.30.
Now what to expect???
Hurdle and target intact 105. Three consecutive closes + weekly close above 105 will see nonstop rally in Zinc till 109--112+ mark in days to come
In panic will buy.. Stop loss below 100.30 on closing basis
Nickel
Support at 555 and resistance at 576
Looks positive and could test its resistance level of 576. Two consecutive closes above 576 will see further upside rally till 593---600+ mark in days to come
Fresh selling can initiate only close below 555 mark
Trade with levels only
Aluminium
Support at 98.50 and Resistance at 102
Two consecutive closes above 102 will see upside rally till 104---105.50+ mark in days to come
Fresh selling can initiate only close below 98.50 mark
Trade with levels only
More will update soon...
