MUMBAI: India copper futures recovered partly from their previous week's low on Monday evening tracking firm overseas leads, where a fall in stockpiles supported the industrial metals complex, analysts said. The most-active August copper contract was trading 0.64 per cent higher at 308.15 rupees per kg at 5:22 p.m., easing from a high of Rs 309.0 earlier in the session. The contract had shed more than 3 per cent in the previous week. London copper bounced from a two-week low as a hefty stock drawdown underpinned prices, but traders saw gains limited due to economic growth worries and renewed jitters about euro zone debt problems. Three-month London copper was trading 0.52 per cent higher at $6,531.75 a tonne. Copper stocks, which is a gauge of demand trends, in the warehouses monitored by the London Metal Exchange (LME) fell 3,575 tonnes to be at 422,850 tonnes on Monday. "It's still a sell in copper," said Aurobinda Prasad, head of research, Karvy Comtrade. He recommends selling at 309/310 targeting 305 and maintaining a stop loss of 312. The trend is down in copper, supports are placed at 305/301.80, while resistances are at Rs 311/314.10, Angel Commodities said in a report. Among other base metals, zinc July was trading 1.26 per cent higher at Rs 84.7 per kg, while lead for July delivery was trading 0.24 per cent higher at Rs 83.35 per kg. Sell lead at 83.70, targeting 82, said Prasad. Nickel for July delivery was trading 0.27 per cent higher at 897.30 rupees per kg. Sell nickel at 902, targeting 890, maintaining a stop loss of 910, recommends Prasad.

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