Copper Prediction for Monday, 2 November 2026

October 30, 2026
Posted by: Ankit Jaiswal
Category: Uncategorized

Copper traded at Rs 1,380.00 per kg on MCX, down 1.04%, on the 30 November 2026 futures. Nifty 50 rose 0.51%. India VIX rose 1.19% to 15.30. Next session is Monday, 2 November.

Quick Answer

The copper prediction for monday is cautious for Monday, 2 November 2026. Copper traded at Rs 1,380.00 per kg on the 30 November futures, down 1.04 percent, and sits below the previous close of 1,394.45. The price closed within 0.10 of the day’s low of 1,379.90, which shows sellers held control into the close.

This copper prediction for monday follows a Friday, 30 October 2026 session in which copper futures on MCX fell 1.04 percent on the 30 November contract and closed right at the day’s low, below the previous close of 1,394.45.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking copper and global cues through the weekend, with the next trading session on Monday, 2 November 2026.

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Table of Contents

What Friday Told Us

Copper traded at Rs 1,380.00 per kg, down 1.04 percent on the 30 November 2026 futures, with a high of 1,394.85 and a low of 1,379.90.
Nifty 50 rose 0.51 percent.
India VIX rose 1.19 percent to 15.30.

Copper Prediction for Monday: Key Levels

Copper (30 November 2026 futures) traded between 1,379.90 and 1,394.85 on Friday, against a previous close of 1,394.45, and settled at 1,380.00. On the downside, 1,379.90 is the first reference level to watch if the day’s move is tested. On the upside, 1,394.45 and 1,394.85 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.

Trend	Support	Resistance
Negative	1,379.90	1,394.45, 1,394.85

MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 30 November 2026 contract.

For traders, this copper prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.

Key Drivers for Monday

Copper fell 1.04 percent on the MCX 30 November contract, with a high of 1,394.85 and a low of 1,379.90.
The day’s high of 1,394.85 was barely above the previous close, and the price faded from there.
Nifty Metal fell 0.54 percent, so metal equities also eased.

Ankit Jaiswal and Kunal Singla suggest revisiting this copper prediction for monday after the first thirty minutes of Monday’s trade.

Anyone following this copper prediction for monday should keep the next session’s opening range in view before reading too much into early moves.

Nothing in this copper prediction for monday is a promise of returns, and every level quoted can fail.

What to Watch Alongside Copper

Hindalco Industries and Vedanta are the large metal stocks often linked to copper prices, and the Nifty Metal index fell 0.54 percent on Friday, in line with softer copper. Univest is not tracking a specific stock move beyond the index.

How Friday’s Broader Session Unfolded

The Nifty 50 closed at 23,053.10, up 0.51 percent, with a high of 23,118.10 and a low of 22,905.10. The Sensex closed at 74,459.53, up 0.42 percent, while the Bank Nifty closed at 54,686.95, down 0.41 percent. India VIX, the market’s fear gauge, rose 1.19 percent to 15.30, after ranging between 14.47 and 15.70 during the session. The Nifty 50 gained about 2.0 percent over the week from last Friday’s close of 22,600.00 and is about 0.4 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 fell 0.86 percent and the Nifty Next 50 fell 0.61 percent, so the broader market lagged the headline index. Nifty IT rose 2.32 percent and Nifty Pharma rose 1.55 percent, while Nifty PSU Bank fell 0.93 percent and Nifty Auto fell 0.87 percent. The trigger for the split between large and broader stocks was not independently confirmed.

Univest’s analysts suggest treating this copper prediction for monday as a preparation note for Monday, 2 November 2026, rather than a signal that changes over the weekend.

Analyst View for Monday

Kunal Singla suggests that copper needs to reclaim 1,394.45, the previous close, to improve the tone, with a break below 1,379.90 opening fresh lows.

Ankit Jaiswal flags that the contract in focus changes as the October contract expires on Friday, so prices quoted for older contracts will look different.

This copper prediction for monday will be most useful when read alongside the support and resistance table above.

Why This Is Written for Monday

This copper prediction for monday is written after the close on Friday, 30 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 2 November 2026. Indian equity markets are closed on Saturday, 31 October, and Sunday, 1 November, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.

MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap.

A fair reading of this copper prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.

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Risks to This Prediction

A weaker global growth signal over the weekend could pull copper below Friday’s low.
A firmer US Dollar Index typically weighs on base metals.
The 30 October contract expires on Friday, so traders are rolling into the November contract.

Readers comparing views should note that this copper prediction for monday draws only on Friday’s closing numbers and the factors listed here.

As with any copper prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.

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The copper prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

Conclusion

The copper prediction for monday leans cautious into 2 November 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

Frequently Asked Questions

What is the copper prediction for monday?

Ans. It is cautious for 2 November 2026, after Copper traded at Rs 1,380.00 per kg on Friday, down 1.04 percent.

Why is this a prediction for Monday, 2 November 2026?

Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 30 October 2026, is Monday, 2 November 2026.

Why did copper fall on Friday?

Ans. Copper fell 1.04 percent on the MCX 30 November contract. The specific reason was not independently confirmed.

What levels matter for copper on Monday?

Ans. Friday’s low of 1,379.90 is the nearest support, though the price sits almost on it. Friday’s high of 1,394.85 and the previous close of 1,394.45 are the nearest resistance.

Is this a buy or sell call?

Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.

copper MCX

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.