MCX Crude if shown any dips to Rs 5,300-5,310 then would be a good opportunity to buy MCX crude oil with a target of Rs 5,450 on the upside and a stop loss of Rs 5,275.
We would recommend buying copper contract on MCX at around Rs 429 levels and stop loss recommended around Rs 425-426 and target of Rs 435-436.
MCX Aluminium is good to sell at around Rs 111 with a stop loss to be placed above Rs 112.50. On downside, one can expect targets of around Rs 109. If prices are able to break and close below Rs 109 then further correction can be seen till Rs 107.50 in next one-two days.
