Monday 20 October 2014

CAPITAL STROKE UPDATE 20 OCTOBER 2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-420 R1-414 S1-404 S2-398
Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .The oscillator is showing BUY signal For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 402.Resistance for the Copper is 416-417-419-423-424-427-

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