Base metals are expected to trade lower today on account of escalating tensions over Europe’s debt crisis coupled with a stronger dollar.
Additionally, weak market sentiments will also act as a negative factor for metals.
MCX Copper Feb’12 Rs /kg support: 415.0-411.0 resistance: 421.0-425.0
MCX Zinc Feb’12 Rs /kg support: 100.80-99.60 resistance: 103.50-104.90
MCX Lead Feb’12 Rs /kg support: 102.70-101.30 resistance: 105.90-107.70
MCX Aluminum Feb’12 Rs /kg support: 107.30-106.40 resistance: 109.90-111.53
MCX Nickel Feb’12 Rs /kg support: 1007.0-997.0 resistance: 1034.0-1050.0
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