Buy Soyabean Around 6700 SL BELOW 6650 TGT 6750/6850 - Axis Securities Ltd
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COPPER
Copper prices touched life time on MCX in last session after it broke the strong resistance zone of 748 and closed around 755 level. Overall trend is positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 70 level indicating high momentum in prices. Traders can buy Copper around 752 for the target of 754 on intraday basis
BUY COPPER AROUND 752 SL BELOW 750 TGT 754/757
SOYABEAN
Soyabean prices cracked by 6 percent in last session after prices edged below 60 days EMA on hourly chart. Overall trend is looking negative for prices as on RSI prices is trading below 40 level indicating low mometum in prices. Traders can buy Soyabean on dips around 6700 level as it is a strong support zone for prices. Traders can buy Soyabean around the mentiond support level for the target of 6750 on intraday basis
BUY SOYABEAN AROUND 6700 SL BELOW 6650 TGT 6750/6850
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