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Wednesday, 21 September 2011

MCX Copper Outlook, Evening Reports

For MCX Copper Nov futures recovery pull backs are favored towards 405-408 levels as long as 397 hold the downside. Selling pressure can be seen below 397 level and it may intensify  the bearish trend and till 394-388 levels. However upside trend around is expected until MCX Copper trades above 412 level supported with volume.

Intraday Technical levels :
R1 : 408 || R2 : 412
S1 : 397 || S2 : 394

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