BASE METAL TIPS – All Intraday Call Hit – Neal Bhai Reports

BASE METAL TIPS

Hey there, traders! Want to know how to make smart moves in the base metal market? Today, we’re sharing some awesome tips that worked perfectly for intraday trading. Thanks to Neal Bhai’s expert advice, every single call hit the mark! Let’s break it down in simple words so you can understand and use these tips too.

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MCX Zinc Day Trading – Below 194 Under Selling Zone Target 188—187

MCX Zinc Day Trading

MCX Zinc settled down 0.42% at 191.5 as pressure seen after China’s industrial output grew significantly slower than expected in October despite of decline in LME zinc inventories. China’s central bank lowered the interest rate on reverse repurchase agreements by five basis points, the first reduction in the short-term liquidity tool in more than four years.

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MCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430

BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.

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