MTECHTIPS

MTECHTIPS:                       COPPER:
Copper is likely to trade in the narrow range during the morning session on Thursday, 19th
April as investors were craving for ahead key Spain bond auction due later today. Spain has
planned for two and 10-year bond sale after a successful bond auction held on Tuesday this
week exceeding its target even though bond yields have been risen. Copper at MCX is likely
to find support at Rs 414.2 per kg and Rs 410 per kg and resistance at Rs 418.4 per kg and Rs
421.4 per kg. Copper ended tad higher on Wednesday, 18th April as the constructive news
out Spain and Germany solaced the metals but the rekindled sentiment over the Chinese
demand due to the bleak demand from the housing market curbed huge gains in the metal.
Also, the IMF affirmation of providing funds to curtail the euro zone debt crisis also soared
the sentime-
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