Copper prices fell as easing liquidity conditions in China reduced the financing demand for copper and hurt prices. Growing fears of a market surplus in 2013 and a stronger dollar also weighed on base metals.

China's manufacturing sector grew at the fastest pace in 18 months in October and the PMI came at 51.4 from 51.1 in September. Base metals are expected to move higher as improved economic outlook for China can support base metals.

Trend of MCX Copper November future is in consolidation and also sustaining around higher levels. For the coming week, it could face major resistance of 473/487.50 whereas 451/440 could be a major support in MCX Copper. For the next week trader may go for buy on lower levels, if MCX Copper future sustain above 460 levels then it could test the level of 465.50/473.40.