Copper eased away from highs by the close, as rising inventories and bearish import figures from China, the world's top copper consumer, capped earlier dollar-driven gains. LME inventories rose by 3,050 tonnes to total 424,925 tonnes, up about 65 percent since the middle of July, and at their highest since April.

The most recent Comex inventory data, released late Friday afternoon, were up 951 short tons at 77,161 short tons. Copper has touched a low of Rs 320.65 a kg after opening at Rs 322.45, and last traded at Rs321.5. For today market is looking for the support at 319.60, a break below could see a test of 317.70 and where as resistance is now likely to be seen at 324.40, a move above could see prices testing 327.30.

Trading Ideas:

COPPER TRADING RANGE IS 310-330.

COPPER EASED DUE TO RISING INVENTORIES AND BEARISH IMPORT FIGURES FROM CHINA

HOLD / BUY COPPER @ 321.30 SL 319.80 TGT 322.80-323.60-324.50-326. MCX

COPPER IS GETTING RES AT 323.20 ABOVE THIS NEXT RES IS AT 324.80-327.40.

COPPER DAILY STOCK AT SHANGHAI EXCHANGE CAME UP BY 29