Thursday 19 June 2014

CAPITAL STROKE UPDATE 19-June-2014 : MCX COPPER



COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-402 S2-396
Copper dropped on rupee firmness after finding support from a pledge by Chinese authorities to support growth as well as shortfall in supply.
Premier Li Keqiang said China's economy will grow 7.5 percent, maintain medium-to-high growth in the long run.
Later, the US Fed announced to cut its bond buying program another USD 10 billion to USD 35 billion per month.

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