Base metal has dropped sharply from the upper level and all metal, including copper, has broken 0.5 to 1 percent on the London Metal Exchange. Even with the LME, there has been a decline in metal in China. The worst fall has come in the lead. In fact, China is going to ban copper and lead scrap imports. So the sentiment of the metal market has worsened.
MCX Metals Calls for Today
Copper Tips: Buy Copper august near at 414.9 targets 416.1, 417.3 Stop Loss 413.2.
Nickel Tips: Buy Nickel august future near at 687.5 targets 689.5, 691.5 Stop Loss 686.