Copper is unpredictable nowadays. It’s making a trap for intraday traders. Copper will open positive, and it may try to make a new high (382+) but I recommend staying away. I’m looking false selling pressure.
Zinc is unstoppable and on last trading session, it was dropped 1 rupees in last 20 minutes. Yes, it is also going to open positive in opening bell but I recommend selling Zinc whenever it will cross over or close below to 172.9 level for 172 – 171.6 levels OR buy above 174.6 level for 175.2-176.
But don’t take any decision between 174.6 – 172.9 levels.
If you’re agri commodities lovers, then you must like MCX Cotton. Cotton was dropping over 6 months but in this new year, it started moving upward. You must keep watching, 19650 levels. If cotton will crossover and close above it then we may see 19800 – 20000+ levels before the weekend.
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