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Last Updated : February 08, 2012 15:39:24

Copper futures optimistic over Greece progress

AHMEDABAD (Commodity Online): Copper prices traded positive in today's session on optimism over the progress in Greece to secure international aid,bolstering equities and the demand outlook for metals.

MCX Copper February contract open today at Rs 422 and currently trading at Rs 425.65, rose by 1.04 percent by 15:18 IST. It touched an intra-day high of Rs 426.20.

Technically MCX Copper February contract having good support at Rs 419 and Resistance at Rs 430.Copper prices expect to trade positive today on the back of positive progress in Greece, says Ankush Kumar Jain, Analyst with Commodity Online.

Intra-day traders advised to buy Copper February contract around Rs 423 with stop loss of Rs 419 for target near Rs 428,added Jain.

To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com

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NCDEX GARSEDJDRJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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