The breadth of Commodity Market in India is expected to remain bearish. Base metals segment will be bearish today. Our analysts suggest to trade on sell side today for more profit in intraday commodity trading.
- MCX Copper: Copper in base metals will trade in the narrow range 425-432 today & bearish to consolidate trend today. If copper prices falls below 427.10 then further downward movement is expected till 425. Copper will find support at 426-424 and resistance in between 431-433. Sell is advised for today's trading sessions.
- MCX Lead: Base metal lead will trade on bearish trend today. Support for lead it at 134.50-133 and resistance is at 136.50-138. Intraday Traders are advised to initiate short position.
- MCX Nickel: Nickel on weekly mcx chart is showing downward trend on mcx. We expect prices to go down in intraday morning trading session today but in the evening session we can see correction in the prices. Support for Nickel is at 1134 & resistance is at 1145. Trade with strict key levels.
