Wednesday, 28 May 2014

base metal calls today, sell copper @ 416.50

base metals green while gold silver down trend, today rupee weak than dollar at 59 level, mcx copper gain 1.5 point at 416.50 and Nickel traded at 1163.50 .aluminium, lead, zink look positive, 

commodity calls  
sell copper above 417 target 414.50, 412 stoploss 419
sell Nickel above 1165 target 1150 stoploss 1172
sell gold above 26900 target 26800,26700 stoploss 27080


  1. Hero Moto Corp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Amara Raja Batteries reported 34.31 percent increase in net profit at Rs 80.05 crore for the fourth quarter ended March 31, 2014.
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  2. Copper dropped to near 1 week lows as sentiments soured in China, also declined due to supply concerns, as mines ramp up in Peru as recommended by Epic Research.