Thursday, 5 November 2015

Base Metals Daily News Providers

Copper could remain range bound to firm supported by upbeat data. Prices could also be supported by short covering. Intraday resistance is at 5200. Intraday support is at 5110. MCX Copper could remain range bound to firm, tracking firm overseas prices. Intraday support is at 338.20. Intraday resistance is at 342.75.

Nickel could trade range bound to firm. Resistance is at 10158. Intraday support is at 9895. MCX Nickel could remain range bound to firm, tracking firm overseas prices. Support is at 660.00. A close above the level could push the prices to an important resistance at 675. However a close below the important support could pull prices back to 650.00.

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