Copper ended slightly down as recovery were stalls on mounting concern that demand will slow in China, the world’s largest metals user. Striking workers at Collahuasi, the world's No. 3 copper mine held firm on Friday, with most staying on the picket line despite management's prediction that many would abandon the 15-day-old walkout. Copper stockpiles monitored by the Shanghai Futures Exchange have gained 45 percent since the end of September to the highest level in five months. Copper has touched a low of Rs 383.85 a kg after opening at Rs 384, and last traded at Rs384.3.For today market is looking for the support at 383.5, a break below could see a test of 382.6 and where as resistance is now likely to be seen at 385.5, a move above could see prices testing 386.7.

Trading Ideas:

Copper trading range is 382.6-386.7.

Copper ended slightly down as recovery were stalls on mounting concern about demand

Copper is taking resistance at 386.40 and support is seen at 382.20.

Copper weekly stocks at Shanghai exchange came up by 11313 tonnes.