Benchmark indices were trading in the red zone, amid muted global cues and lower-than expected results of IT major Infosys.The Sensex lost 52.64 points at 29585.84, while the Nifty declinedd 13.60 points at 9185.85.
Precious metals prices are expected to trade high supported by safe haven buying amid geopolitical tensions relating to Syria and North Korea and the looming French election.
Base metals prices expect to trade range bound for the day as concerns about oversupply continued to drag as the world’s top two copper mines look to recover from disruptions.
Commodity Tips For Today
SELL COPPER APR IN THE RANGE OF 366-365 TARGETS 360/355 STOPLOSS 370.
Expert View:Technically copper is selling on hourly/daily charts while MACD and RSI also indicate good
selling opportunity in it. So,traders should go for sell on higher level strategy.