Sell Copper Around 748 Sl Above 751 TGT 745/742 - Axis Securities Ltd
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COCUDAKL
Cocudakl prices edged higher in last trading session after prices closed above the strong resistance zone of 2900 level on intraday basis. Immediate resistance can be seen around 2950 level on hourly chart. Overall trend is looking positive for prices as it is above 20 and 60 days EMA and RSI is also above 60 level indicating high momentum in prices. Traders can buy Cocudakl above 2950 for the target of 2980 on intraday basis.
BUY COCUDAKL ABOVE 2950 SL BELOW 2920 TGT 2980/3020
COPPER
Copper prices edged higher in last session on account of weaker dollar index. However ovrerall trend remain negative for prices as long as it is trading below 751 level on daily closig basis. Prices is also trading below upper bollinger band indicating low momentum in prices. Tradres can sell Copper around 748 for the target of 745 on intraday basis.
SELL COPPER AROUND 748 SL ABOVE 751 TGT 745/742
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