BASE METALS UPDATE: Hopes of easing from global central banks are restricting downside in base metals since the beginning of the session. As expected, the German releases mostly remained at a blend while the Chinese PMI touched at almost 9 months low levels. However, weak manufacturing has triggered increased anticipation of easing from both the Fed as well as the PBOC and even better home data.weak manufacturing has triggered increased anticipation of easing from both the Fed as well as the PBOC and even better home releases may fail to dampen sentiments. Further, BHP and Qatar Airways  reduced their orders and may continue to weaken sentiments and support downside. Overall, we expect base metals might remain weak as hopes might not be easily converted to actions and recommend remainin

Copper Aug MCX: Since opening of the session prices are trading towards higher side however technical resistance is seen at 426.50 levels. Intraday major resistance is seen at 428.10 levels. Any sustainable breach above the same might give a scope for fresh buying. Expecting prices to decline gradually up to 423/419 levels and recommends selling from higher levels….CMP 425.25

Free Call: HIGH RISK Copper Aug MCX:  Sell in the range of 425-425.50 TP 422.50/419 with stop loss above 428.10…CMP 425.25

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