Friday 26 September 2014

CAPITAL STROKE UPDATE 26-September-2014 : MCX COPPER





COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-426 R1-422 S1-412 S2-408

Copper ended with gains as support seen on lower levels due to rupee weakness despite of worries that weak global growth will curb demand.

U.S. economic recovery was highlighted by data showing a rebound in business spending plans and fewer than expected jobless claims.

Concerns over fundamental weakness in the copper market are being overplayed.

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