On account of strength in the US dollar index and rise in risk aversion in the global markets due to deepening concerns over Europe’s debt worries, we expect base metals pack to trade lower today.
However, depreciation in the Indian Rupee may cushion sharp decline on the domestic bourses.
- MCX Copper Apr’12 Rs /kg support:419.85/417.0 resistance:425.20/427.70
- MCX Zinc Apr’12 Rs /kg support:104.0/103.40 resistance: 105.20/105.85
- MCX Lead Apr’12 Rs /kg support:108.35/107.60 resistance:110.10/111.10
- MCX Aluminum Apr’12 Rs /kg support:106.50/106.10 resistance:107.15/107.60
- MCX Nickel Apr’12 Rs /kg support: 921.0/916.0 resistance:
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