India copper futures are expected to open lower on Tuesday on profit-taking after having gained 4.9 percent in the previous five session, analysts said.
The benchmark April contract MCCJ9 on the Multi Commodity Exchange (MCX) closed 2 percent higher at 204.80 rupees per kg.
It may open at around 202.50 rupees per kg and may trade in the range of 200-208, said Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad.
"Copper may correct to a level of 195-196 due to profit-taking after rally," said BG Manjunath Prasad, a technical analyst with Way 2 Wealth Securities.
"Technically market is overbought and could give a correction any time," said Prasad.
March zinc MZIH9 ended at 64.40 rupees per kg, while lead for March MLDH9 closed at 67.60 rupees per kg.
GOLD:
Futures are expected to open lower as investors would continue to move away from the safe-haven asset after an equity rally spurred by the U.S. plan to revive the banking system, analysts said.
The Obama administration on Monday offered a raft of incentives for private investors to help rid banks of up to $1 trillion in toxic assets that plunged the world economy into crisis. See
