Well the Advance to decline ratio was surprisingly (?) negative. Lets see how things turn up in next few days.
COPPER among the various industrial metals is likely to see a correction on downside. In fact Lead and Zinc both have started to move down since last few days.
A break below 333 in MCX Copper should be enough to trigger further selling in Copper and one should then target prices near to Rs 310 and then sub-300. Keep your stops near Rs 344 in any case.
Incidenatlly the sector which we analysed in our ITG meet has started its move today !! (more of this in our next ITG)
Happy Trading !
CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com
No comments:
Post a Comment