29th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7200 |
≥7500 |
7300 – 7525 |
7150 – 7600 |
|
Aluminium |
≤2150 |
≥2300 |
2125 – 2175 |
2050 – 2300 |
|
INR |
≤81 |
≥82 |
81.40 – 81.90 |
81.00 – 82.00 |
OUR
VIEW
Copper – Looks to Bullish
in limited range.
Better to sell, Buy ≤ 7200,
Sell ≥ 7500
Aluminium – Looks to Bullish in limited range.
Better to buy, Buy ≤ 2150, Sell ≥ 2300
USD/INR –
INR looks bits strong.
Better to
sell, Buy ≤ 81.30,
Sell ≥ 81.70
FACTOR
AFFECTING MARKET
·
Copper gain
some momentum due to demand opens in china.
·
Aluminium
will also gain some momentum as demand raise and production cut by Norsk Hydro.
·
As a Indian
good news is that Hindustan copper will increase production. Means copper is in
demand.
·
As like Bank
of Japan, Bank of England too intervent by calming bond good of Rupee.
·
Some favour
could be done to save Rupee from future depreciation in tomorrow’s RBI meeting.
Previous
forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7200(28/09) – 7400(28/09) |
7100 – 7500 |
|
Aluminium |
2100(28/09) – 2175 |
2050 – 2250 |
|
INR |
81.60(28/09)
– 82.00(28/09) |
81.00 – 82.00(28/09) |
Find previous three
research, all you need to know.
https://buysellbs.blogspot.com/2022/09/market-is-tumbling-day-by-day-what-any.html
https://buysellbs.blogspot.com/2022/09/are-we-going-toward-recession-what-to.html
https://buysellbs.blogspot.com/2022/09/how-to-remain-safe-in-this-panic-what.html
Thank you
Rahul Mudra
Disclaimer: This article is for Study and research purpose. Request you
to use your wisdom before applying it.
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