MCX Copper settled at Rs 428.65 per kg, against Rs 427.4 per kg on 1 September 2014. The prices tested a high of Rs 431.65 per kg and a low of Rs 428.1 per kg. The selling pressure that has been built in Copper was removed last evening with prices moving higher by 0.29%. The session was capable of taking Copper above Rs 430 per kg though the settlement was lower. On the higher side Copper is capped at Rs 432 per kg. Supports for the prices are at Rs 425 per kg. Open interest has been increasing on a steady basis to 8000 against 8124 probably on account of decline in the short positions.
www.marketmagnify.com
Ph: 0731-6619100
www.marketmagnify.com
Ph: 0731-6619100
No comments:
Post a Comment