MCX Copper June expiry contract gained marginal ground for session ending 29 July 2015. Copper moved just a shy above Rs 340. The prices trading above Rs 340 can cause some more long positions to be built. On 29 July 2015, Copper ended the day at Rs 341.65 on against 341.40 per kg on 28 July 2015. Potential of Copper reaching close to Rs 330 is vulnerable at this juncture as it has to breach Rs 335 per kg. On Thursday trading gains are expected to get resisted at Rs 343 and 346 per kg. Meanwhile support for Copper is at Rs 338 and Rs 335 per kg. The low for Copper on Tuesday was at Rs 339.70 per kg, and a high of Rs 345.95 per kg was noted. Open interest was at 20734 against on 20756 on 28 July 2015.
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