MTECHTIPS MCX COPPER INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Copper is in perfect uptrend .Currently Copper is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 388-383-364-341-332-331-. Immediate resistance for Copper is 417
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways and sellers was at high so for short term better buy above 408.9 or hold with stop at 388.95 The next resistance will be at 414.8 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 408.9 with a stop at 395.1 Below 391 go for sell and put stop at 404.8.