MCX Copper futures dropped heavily yesterday as two week highs around Rs 387 per kg failed to sustain. The counter tested lows under Rs 380 per kg in a sharp intraday downswing of around Rs 8. The counter has pared some of the gains witnessed after recovering from a four week low last week. Correction should extend today with highs around Rs 383/384 building intraday shorts. A break under Rs 379 would accelerate the downswing.
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