MUMBAI, May 7 (Reuters) - India copper futures traded almost steady on Friday evening tracking overseas leads, but the dollar's recent weakening may lend support later in the session, analysts said.
The most-active June copper contract MCCM0 was trading 0.05 percent higher at 314.85 rupees per kg at 5:09 p.m.
"Buying could be done in copper at 315, maintaining a stop loss of 312, targeting 321 rupees," said Navneet Damani, an analyst with AnandRathi Commodities.
"In copper, 310 remains a crucial support. prices can rise towards 314-315 levels," said India Infoline in a report.
Three-month London copper MCU3=LX was trading 0.22 percent higher at $6,895 a tonne at 5:10 p.m.
The euro extended gains on Friday in a corrective move after sharp falls the previous day, as equity markets came off lows. [USD/]
A weak U.S. unit boosts demand from other currency holders by making dollar-denominated commodities cheaper.
In other base metals, zinc May MZIK0 was trading 0.94 percent lower at 94.35 rupees per kg, while lead for May delivery MLDK0 was trading 0.95 percent higher at 90.60 rupees.
Zinc's support is placed at 94 rupees, it may rise to 95/96 rupees, India Infoline's report said.
Nickel for Mat delivery MNKK0 was trading 1.59 percent higher at 1,013.60 rupees per kg.
"There could be a bounce-back to 1,030 by this evening in nickel," said Damani. (Reporting by Siddesh Mayenkar; Editing by Ramya Venugopal)
