The base metals pack witnessed heavy selling pressure on Friday’s session of trade.
The price of copper also fell on the back of strong volumes.
The Rs 400 levels is the next near term support for the price of Copper.
But a break below this level will open up downside targets of Rs 395 / Rs 388 levels.
The momentum indicators are also in sell mode and the price of copper have been closing below its key moving average clusters since the past few sessions of trade.
Thus traders can go short on a break below Rs 400 levels with a stop loss placed above Rs 404.70 levels for the above mentioned targets.
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