Copper Prediction for Tomorrow | MCX Levels 29 June 2026
- June 28, 2026
- Posted by: Kunal Singla
- Category: News
Copper MCX Copper 31 Jul Futures: Rs 1,261.65 per kg on 25 June 2026 (+1.32). Market closed 26 June 2026. Nifty 24,056.00. VIX 13.05. No equity expiry 29 June 2026. S1: Rs 1,248.
The copper prediction for tomorrow for 29 June 2026 is based on MCX Copper 31 Jul Futures last closing at Rs 1,261.65 per kg (+1.32) on 25 June 2026. Indian markets were closed on 26 June 2026 (Friday) due to Muharram, making 29 June 2026 (Monday) the next trading session. The Nifty 50 last closed at 24,056.00 with India VIX at 13.05. MCX Copper settled at Rs 1,261.65/kg on 25 June 2026 on LME inventory drawdown signals and improving global industrial demand. A key context for the copper prediction for tomorrow: Monday 29 June 2026 has no equity F&O expiry, but Tuesday 30 June 2026 is a triple expiry day for Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly – which creates pre-positioning flows on Monday that can affect rupee and risk sentiment, influencing MCX commodity prices indirectly.
Ankit Jaiswal, Senior Research Analyst at Univest, presents the copper prediction for tomorrow for Monday based on 25 June 2026’s data. The copper prediction for tomorrow carries elevated weekend gap risk from the three-day gap (Thursday close to Monday open, Friday being Muharram).
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Copper Prediction for Tomorrow: Last MCX Close
- MCX Close (25 June 2026): MCX Copper 31 Jul Futures settled at Rs 1,261.65 per kg (+1.32). Copper closed positively at Rs 1,261.65 tracking LME strength and physical demand data showing inventory drawdown at major warehouses. Since MCX was also closed on 26 June 2026 (Muharram), this is the last available data for the copper prediction for tomorrow heading into Monday.
- International Benchmark: LME Copper at ~$9,200/tonne (+1.1%) is the primary overnight reference for the copper prediction for tomorrow. Check LME Copper between Saturday and Monday morning to assess the copper prediction for tomorrow opening direction on 29 June 2026.
- Three-Day Gap Risk: The copper prediction for tomorrow carries an extended three-day gap from 25 June 2026’s close. Weekend Iran-US talk outcome, US Friday close, and global commodity market movements over Saturday and Sunday will all feed into the copper prediction for tomorrow Monday opening gap.
Copper Prediction for Tomorrow: MCX Key Levels
Trend: Cautiously Bullish | Range: Rs 1,248 to Rs 1,280 per kg
| Level | Copper (MCX Copper 31 Jul Futures) |
|---|---|
| Support 1 | 1,248 |
| Support 2 | 1,235 |
| Resistance 1 | 1,280 |
| Resistance 2 | 1,295 |
The copper prediction for tomorrow from Ankit Jaiswal places Rs 1,248 as the MCX support for Monday. A hold above this level targets Rs 1,280 as the first upside objective. Jaiswal notes that the copper prediction for tomorrow carries higher-than-normal opening gap risk given the three-day gap. Use limit orders rather than market orders when placing the copper prediction for tomorrow positions at Monday’s open.
Copper F&O and Monday Context
- MCX Contract Expiry: The active MCX Copper contract (Copper 31 Jul Futures) expires on 31 July 2026. Pre-expiry MCX OI positioning adds intraday direction to the copper prediction for tomorrow on Monday.
- No Equity Expiry Monday: Monday 29 June 2026 has no NSE or BSE equity index expiry. The Sensex weekly and monthly both expired on Thursday 25 June 2026. The copper prediction for tomorrow session on Monday is therefore driven more purely by global commodity factors than equity expiry-related rupee volatility.
- Tuesday Triple Expiry Indirect Effect: Tuesday 30 June 2026 brings Nifty 50 weekly+monthly and Bank Nifty monthly expiry together. Pre-positioning for this on Monday may create mild rupee and equity sentiment flows that indirectly affect the copper prediction for tomorrow afternoon session on Monday.
- Iran-US Weekend Binary Event: Switzerland negotiations over the extended weekend remain the primary driver for the copper prediction for tomorrow. A confirmed deal or breakdown between Friday and Monday will gap the copper prediction for tomorrow opening significantly.
Global Cues for Copper Prediction for Tomorrow
- LME Copper: LME Copper at ~$9,200/tonne (+1.1%) is the key overnight reference. Monitor LME Copper from Saturday through Monday morning before placing copper prediction for tomorrow positions at the MCX open.
- Iran-US Talks Weekend: The most important swing factor for the copper prediction for tomorrow. A confirmed deal or collapse will sharply alter the copper prediction for tomorrow direction at Monday’s MCX open.
- Dollar Index (DXY): DXY weekend direction affects all rupee-denominated MCX prices in the copper prediction for tomorrow. A softer dollar supports the copper prediction for tomorrow upside; a stronger dollar adds downside risk.
Track Live MCX Copper Data on Univest
MCX Strategy: Copper Prediction for Tomorrow
- Check LME Copper at 9:00 AM Monday: The most important pre-trade input for the copper prediction for tomorrow is LME Copper direction before MCX opens. Compare weekend movement to Thursday’s close of Rs 1,261.65 per kg.
- Buy Setup: The copper prediction for tomorrow favours buying near Rs 1,248 with stop Rs 1,235 targeting Rs 1,280.
- Limit Orders at Open: Given the three-day gap, use limit orders for the copper prediction for tomorrow at Monday’s MCX open rather than market orders to avoid gaps and slippage.
- Weekend Risk Management: The copper prediction for tomorrow for Monday carries Iran-US weekend binary risk. If holding positions through Friday’s close, widen stop losses to account for the three-day gap effect in the copper prediction for tomorrow.
What Data Indicates for copper prediction for tomorrow
The copper prediction for tomorrow is shaped by two competing forces: the Iran-US Switzerland talk uncertainty (which drove commodities higher on 25 June 2026) and the broader global macro backdrop. Ankit Jaiswal notes that with MCX closed on 26 June 2026 (Muharram), the copper prediction for tomorrow has had a longer-than-normal gap from the last traded price, amplifying the opening reaction to weekend news.
VIX at 13.05 (last seen on 25 June 2026) is the equity market’s signal for the copper prediction for tomorrow backdrop. Multi-week low VIX reduces the probability of extreme MCX intraday swings for the copper prediction for tomorrow unless a major overnight macro shock occurs.
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Risks to Copper Prediction for Tomorrow
- Three-Day Gap Event: Any major development over the extended weekend – Iran-US deal, US data, central bank commentary – will create an opening gap in the copper tomorrow Monday view that may breach pre-set support and resistance levels.
- China Demand Slowdown: Any negative China manufacturing PMI or industrial output data over the weekend would reverse the copper tomorrow Monday view below Rs 1,248.
- Dollar Index Surprise: A sharp DXY move over the weekend would create unexpected pressure on rupee-denominated MCX prices, altering the copper tomorrow Monday view opening direction significantly.
Stocks to Watch Tomorrow, 29 June 2026
Ankit Jaiswal and Kunal Singla of Univest flag three stocks for Monday 29 June 2026. While Monday has no F&O expiry, Tuesday 30 June 2026 is a triple expiry day: Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly all settle together. Monday’s session will see institutional pre-positioning for this event.
| Stock | Last Close (25 June 2026) | Entry Zone | Target | Stop Loss |
|---|---|---|---|---|
| ICICI Bank | Rs 1,387.50 | Rs 1,382 to Rs 1,392 | Rs 1,412 to Rs 1,420 | Rs 1,368 |
| HDFC Bank | Rs 796.30 | Rs 793 to Rs 799 | Rs 812 to Rs 818 | Rs 783 |
| Reliance Industries | Rs 1,318.10 | Rs 1,314 to Rs 1,320 | Rs 1,338 to Rs 1,345 | Rs 1,300 |
ICICI Bank last closed at Rs 1,387.50 (+1.01%) on 25 June 2026, the standout banking performer. Jaiswal flags entry Rs 1,382 to Rs 1,392 targeting Rs 1,412 with stop Rs 1,368. HDFC Bank at Rs 796.30 is the largest Nifty 50 and Sensex constituent. With Tuesday 30 June 2026 bringing Nifty 50 monthly expiry, Singla flags HDFC Bank pre-expiry positioning as a specific driver. Entry Rs 793 to Rs 799, target Rs 812, stop Rs 783. Reliance Industries at Rs 1,318.10 benefits from any Iran-deal crude resolution. Entry Rs 1,314 to Rs 1,320, target Rs 1,338, stop Rs 1,300.
Conclusion
The copper tomorrow Monday view for 29 June 2026 is cautiously bullish with MCX support at Rs 1,248 and resistance at Rs 1,280 per kg. The copper tomorrow Monday view is based on 25 June 2026’s final MCX close of Rs 1,261.65 per kg as MCX was also closed on 26 June 2026 (Muharram). Monitor LME Copper and Iran-US news over the weekend. Use limit orders at Monday’s MCX open for the copper tomorrow Monday view given the three-day gap.
Disclaimer: Data and figures are sourced from publicly available information. Please verify with NSE (nseindia.com), BSE (bseindia.com) and MCX (mcxindia.com) before investing. Investments are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the copper tomorrow Monday view, 29 June 2026?
Ans. The copper tomorrow Monday view shows MCX Copper 31 Jul Futures last closed at Rs 1,261.65 per kg (+1.32) on 25 June 2026. Market was closed 26 June 2026 (Muharram). Support Rs 1,248, resistance Rs 1,280. Iran-US weekend outcome and three-day gap are the primary copper tomorrow Monday view swing factors.
Is there any equity expiry that affects copper tomorrow Monday view on 29 June 2026?
Ans. No. Monday 29 June 2026 has no equity index expiry. Sensex weekly and monthly both expired Thursday 25 June 2026. The next major expiry is Tuesday 30 June 2026: Nifty 50 weekly+monthly+Bank Nifty monthly together. This Tuesday pre-positioning on Monday creates mild indirect equity-to-MCX flows for the copper tomorrow Monday view.
What is MCX Copper support for 29 June 2026?
Ans. The copper tomorrow Monday view places MCX support at Rs 1,248 and Rs 1,235 per kg. Resistance at Rs 1,280 and Rs 1,295. The three-day gap means the copper tomorrow Monday view opening may gap beyond these levels depending on Iran-US weekend outcome.
What stocks to watch alongside copper tomorrow Monday view on Monday?
Ans. ICICI Bank (entry Rs 1,382 to Rs 1,392, target Rs 1,412), HDFC Bank (entry Rs 793 to Rs 799, target Rs 812), and Reliance (entry Rs 1,314 to Rs 1,320, target Rs 1,338) are Monday’s equity picks alongside the copper tomorrow Monday view.
When is MCX Copper expiry?
Ans. MCX Copper active contract (Copper 31 Jul Futures) expires on 31 July 2026. Pre-expiry OI positioning adds intraday direction to the copper tomorrow Monday view on Monday.
