Although, technically we see upside in base metals today, but fundamentally metals are expected to come under pressure, on the back of rising tensions over Europe’s debt worries coupled with dollar strength.
MCX Copper Feb’12 Rs /kg support:416.40/412.80 resistance:423.0/426.60
MCX Zinc Feb’12 Rs /kg support:103.70/102.80 resistance:105.10/106.0
MCX Lead Feb’12 Rs /kg support:107.30/105.90 resistance:109.20/110.60
MCX Aluminum Feb’12 Rs /kg support:108.35/107.60 resistance:109.75/110.50
MCX Nickel Feb’12 Rs /kg support: 1035/1025 resistance: 1050/1059
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