MTECHTIPS:- Copper to trade in 391.2-414.2 range: Achievers Equities
MTECHTIPS- Copper trading range for the day is 391.2-414.2. Copper prices gained on expectations of a pick-up in global manufacturing and infrastructure spending. A report showed orders for business equipment advanced in the U.S, bolstering the outlook for the metal amid optimism demand will accelerate. Zambia’s copper production is expected to increase by 4 percent to 740,000 tonnes this year. BUY COPPER NOV @ 397 SL 394 TGT 402-407.50. MCX.