Sell Copper Below 745 SL Above 750 TGT 739/735 - Axis Securities
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Copper
MCX Copper opened sharply lower with a downward gap and selling pressure throughout the session dragged it lower to trade near the day's low. The daily strength indicator RS] is moving downwards and is quoting below its reference line indicating negative bias. Copper continues to remain in a downtrend in the short to medium term, so selling on rallies continues to be our oroefarrad ctratoosy
SELL COPPER BELOW 745 SL ABOVE 750 TGT 739/735
Aluminium
MCX Aluminium opened on a flat note and witnessed selling for most part of the session. The chart pattern suggests that if Aluminium breaks and sustains below 208 level it would witness selling which would drag the price towards 206-205 levels. Important resistance for the day is placed at 212.
SELL ALUMINIUM BELOW 208 SL ABOVE 209.50 TGT 206/20:
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