Copper gained supported by upbeat recent readings on U.S. and European industrial activity and contracting global stockpiles. Meanwhile, strong Chinese demand for copper makes the industrial metal likely the most defensive investment for investors concerned about inflation. Chilean copper mine Dona Ines de Collahuasi's Patache port could be repaired and operational in three months. Copper has touched a low of Rs 443.3 a kg after opening at Rs 443.85, and last traded at Rs446.4.For today market is looking for the support at 443.9, a break below could see a test of 441.3 and where as resistance is now likely to be seen at 448.4, a move above could see prices testing 450.3.

Trading Ideas:

Copper trading range is 441.3-450.3.

Copper gained supported by upbeat recent readings on U.S. and European industrial activity

Copper looks to have a support at 444.60 and resistance is at 448.80 level

Copper daily stocks at Shanghai exchange came up by 2008 tonnes