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Wednesday, August 17, 2011

MCX Commodity Base Metals (Copper, Lead, Zinc, Nickel) Report Today

MCX Copper may note some gains tracking international markets, however the upside remains  capped. Support for August copper is seen at Rs.396 while Resistance is seen at Rs.405.

MCX Aluminum may note some gains tracking copper prices. Support for Aluminum August contract  is seen at Rs.106 while resistance of Rs.109.

MCX Zinc may note some gains tracking copper prices.  Support for MCX  Zinc August contract is seen at Rs.97 while Resistance is seen at Rs.100.5.

MCX Nickel may note some decline tracking international markets. Support for MCX Nickel August  contract is seen at Rs.960 while Resistance is seen at Rs.1000. 

MCX Lead may note some gains tracking copper prices. Support for  MCX Lead August contract is seen at Rs.106 while Resistance is seen at Rs.109.5.
 
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