We expect base metals to trade lower today on the back of dollar strength coupled with ongoing concerns over Greece debt worries.
However, any positive news from the Euro Zone from may lead to reversal in the markets.
MCX Copper Feb’12 Rs /kg support:416.80/414.90 resistance: 420.60/422.40
MCX Zinc Feb’12 Rs /kg support:103.25/102.65 resistance: 104.90/105.95
MCX Lead Feb’12 Rs /kg support:105.70/104.80 resistance:107.20/108.10
MCX Aluminum Feb’12 Rs /kg support:107.60/107.0 resistance: 108.55/109.10
MCX Nickel Feb’12 Rs /kg support:1051/1040 resistance: 1071/1081
Looking for a trading partner?visit commodityonline.com/franchisee