Last Updated :
February 01, 2012 15:30
MCX copper edges higher, resistance at Rs.419-422.40: Angel
Despite of positive manufacturing data from China, we expect market sentiments in remain weak today, on the back of unfavorable economic data from the US and concerns over Euro Zone debt worries.
On account of this coupled with a stronger dollar, we expect base metals to trade lower today.
MCX Copper Feb’12 Rs /kg support:413.80/410.40 resistance:419.0/422.40
MCX Zinc Feb’12 Rs /kg support:103.60/102.70 resistance:105.20/106.10
MCX Lead Feb’12 Rs /kg support: 108.40/106.95 resistance:111.0/112.45
MCX Aluminum Feb’12 Rs /kg support:110.10/108.95 resistance:111.80/112.90
MCX Nickel Feb’12 Rs /kg support: 1022/1005 resistance: 1045/1062
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MCX Light Sweet Crude Oil 19 June 2012
contract was trading at
Rs 5241 , up Rs. 233 . What's your view on it?
