Volatile movements on the market continued as both the indices extended losses. The session has been action-packed on the stock-specific front with Divi’s Labs, Dr. Reddy’s Labs and D-Mart being on investors radar. Sensex has dropped 129 points at 29389 while NSE Nifty is 33 points down at 9092.
Base metals prices are expected to trade lower for the day due to top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange monitored warehouses.
SELL COPPER APR IN THE RANGE OF 379-377 TARGETS 373/368 STOPLOSS 384. Technically copper is selling on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for sell in higher level strategy.