We clearly indicated that base metal looks positive for
short term prospective and recent low is very crucial in it. Overall trend
still supportive for base metals and could rally for next 5-7 trading sessions.
So trade with levels only.
Have a look on it!!
Copper
Yesterday... we clearly indicated that Copper looks positive
on charts and in panic will buy. Just made a high of 301.50. We recommended
buying around 297 and 298.50---298.00 mark
Now what to expect???
Above 300... will see further upside rally till 305---306
and then to 315+ mark in days to come
Support intact at 294---291
Any sharp panic will be buying opportunity in Copper but
trade with levels only. Any reversal seems will update
Nickel
Told to buy around 562--560. Just made a high of 590
Two consecutive closes above 585 will take to 600---610 and
then to 625+ mark in days to come
Maintain revise stop loss of 560 on closing basis
Lead
Support at 108 and Resistance at 110
Two consecutive closes above 110 will take to 112---113+
mark in days to come
Fresh selling can initiate only close below 108 mark
Trade with levels only
Zinc
Support at 100 and Resistance at 102.50
Two consecutive closes above 102.50 will take to
105---106.50+ mark in days to come
Fresh selling can initiate only close below 100 mark
Two consecutive closes below 100 will take to 98.50---97.00
mark
96.50 act as major support in Zinc
Traders can trade with levels only and wait for
confirmation... Any thing seems will update via App.
Aluminium
Not able to breach its support level of 97.50 and bounced
back sharply to 102
Now what to expect???
Two consecutive closes above 102.50 will see further upside
rally till 104---105.50+ mark in days to come
Support intact at 100.50---97.50. 97.50 act as major support
in Aluminium
Trade with levels only.
More will be update soon during market hours only on our
Android App.
