Copper Price Prediction for Tomorrow, 11 August 2026: MCX Copper Gains 0.75% as Industrial Demand Narrative Strengthens Alongside Energy Complex
- August 10, 2026
- Posted by: Kunal Singla
- Category: News
MCX Copper Mon: Rs 1,375.70/kg (+0.75%). Range: Rs 1,365.75-1,380.50. Nifty Metal +0.28%. Crude +1.29%. Zinc +0.78%. VIX 12.19.
The copper price prediction for tomorrow for Tuesday 11 August 2026 is built on Monday’s confirmed market close. Nifty 50 settled at 24,583.80 (+0.05%), Sensex at 78,542.44 (+0.06%) and Bank Nifty at 57,686.95 (-0.10%). The session’s defining story: Bajaj Finance recovered 2.24% to Rs 1,102.20 (resolving Friday’s NBFC fear), SBI fell 2.39% on post-Q1 result profit booking and ICICI Bank bounced 0.76% confirming the Day 3 PSU-private rotation reversal. On the commodity side, MCX Crude surged 1.29% to Rs 7,520 and MCX Natural Gas jumped 3.33% to Rs 264.10, signalling Iran deal talks stalled. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete copper price prediction for tomorrow.
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Today’s Confirmed Data for the copper price prediction for tomorrow
| Indicator | Today’s Close (Mon 10 Aug) | Change |
|---|---|---|
| Nifty 50 | 24,583.80 | +0.05% (H: 24,620.55 / L: 24,511.30) |
| Sensex | 78,542.44 | +0.06% (H: 78,672.08 / L: 78,305.94) |
| Bank Nifty | 57,686.95 | -0.10% (H: 58,012.60 / L: 57,527.75) |
| Nifty IT | 31,631.45 | +0.27%; Infosys +0.67%, TCS -1.10% |
| Nifty Auto | 29,620.05 | -0.09%; crude +1.29% is input cost headwind |
| Nifty Private Bank | 27,534.30 | +0.52%; ICICI Bank +0.76% Day 3 reversal |
| Nifty PSU Bank | 8,639.80 | -1.67%; SBI -2.39% post-Q1 booking |
| Nifty Metal | 13,226.70 | +0.28%; Hindustan Zinc positive |
| Bajaj Finance | Rs 1,102.20 (+2.24%) | Recovered from Friday crash; NBFC fear resolved |
| MCX Crude Oil (Aug) | Rs 7,520/bbl (+1.29%) | Iran deal stalled; biggest commodity move today |
| MCX Natural Gas (Aug) | Rs 264.10/MMBTU (+3.33%) | Biggest single-day surge this week; supply tightness |
| MCX Gold (10g) | Rs 1,51,310/10g (+0.51%) | Second positive session; range Rs 1,50,001-1,51,999 |
| MCX Silver (Mini Aug) | Rs 2,34,933/kg (+0.96%) | Range Rs 2,32,299-2,36,300; precious metals bull intact |
| MCX Copper (Aug) | Rs 1,375.70/kg (+0.75%) | Range Rs 1,365.75-1,380.50; industrial demand positive |
| MCX Zinc (Aug) | Rs 392.15/kg (+0.78%) | Range Rs 388.20-393.80; supply deficit intact |
| India VIX | 12.19 (+0.25%) | Stable; range 10.82-12.92; no panic in market |
Energy Surge: The copper price prediction for tomorrow’s Key Variable for Tomorrow
Monday’s biggest market-moving development was not in equities but in energy commodities. MCX Crude Oil surged 1.29% to Rs 7,520 and MCX Natural Gas jumped 3.33% to Rs 264.10, both confirming that Iran-US deal negotiations stalled over the weekend. Ankit Jaiswal notes that this energy surge has direct sector implications for tomorrow: it is a headwind for Auto, FMCG and Cement (higher input costs) and a tailwind for ONGC and the broader energy sector. for tomorrow, monitoring Brent crude direction Tuesday morning is as important as watching domestic banking recovery.
Kunal Singla observes that Natural Gas at Rs 264.10 is the highest level in over two months, reversing all of the Iran-deal-hope-driven decline from Rs 280+ levels in June. for tomorrow, if crude and gas continue higher Tuesday, defensive sectors (IT, healthcare, FMCG) would outperform cyclicals (auto, cement) in the prediction for tomorrow session.
Key Factors for the copper price prediction for tomorrow
- MCX Copper gained 0.75% to Rs 1,375.70 on Monday, its strongest single-session gain in the current week cycle. for tomorrow, this gain alongside Nifty Metal +0.28% and Zinc +0.78% confirms broad industrial metals participation rather than isolated movement.
- The energy complex surge on Monday (crude +1.29%, natural gas +3.33%) historically correlates with copper strength through the infrastructure investment channel. Iran deal stalling means Middle East infrastructure rebuild spending timelines are pushed back, but US and India infrastructure spending (which drives 35% of global copper demand) is accelerating based on Monday’s NFP confirmation.
- MCX Copper’s closing at Rs 1,375.70 near its intraday high of Rs 1,380.50 is a technically positive setup for tomorrow. Closing near the day’s high indicates buyers were in control throughout Monday and did not take profits into the close.
- China’s August construction pre-monsoon activity typically picks up week-on-week from the second week of August. for tomorrow, this seasonal demand uptick (8-12% month-on-month copper demand in Chinese August) provides a structural tailwind independent of India-specific events.
Technical Levels for the copper price prediction for tomorrow
| Level | Zone |
|---|---|
| Key Support | Rs 1,362-1,368 |
| Secondary Support | Rs 1,348-1,355 |
| Immediate Resistance | Rs 1,380-1,390 |
| Key Resistance | Rs 1,400-1,412 |
Stocks to Watch for the copper price prediction for tomorrow
Hindalco: CMP Rs 760 est.. Ankit Jaiswal flags entry Rs 752-758, target Rs 782, SL Rs 736. Hindalco is India’s largest copper producer and the primary equity expression of the copper price prediction for tomorrow through its Hindalco India copper business.
Hindustan Zinc: CMP Rs 603 approx. Kunal Singla flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc participates in the base metals complex alongside copper in the copper price prediction for tomorrow.
Tata Steel: CMP Rs 190 est.. Ankit Jaiswal flags entry Rs 187-190, target Rs 197, SL Rs 182. Tata Steel participates in industrial metals co-demand alongside the copper price prediction for tomorrow through steel-copper infrastructure projects.
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Strategy for the copper price prediction for tomorrow
- Rs 1,362-1,368 is the buy-on-dip zone for tomorrow. Ankit Jaiswal recommends this entry if Tuesday opens with mild profit booking from Monday’s gains.
- Rs 1,380-1,390 is the first resistance for tomorrow. Kunal Singla recommends booking 50 percent of positions here.
- Monitor Hindalco and Nifty Metal at Tuesday’s open as the copper price prediction for tomorrow equity leading indicators. Nifty Metal above 13,226 (today’s close) confirms the base metals positive trend continues.
- Track COMEX Copper pre-market: COMEX above USD 4.25/lb overnight = copper price prediction for tomorrow positive opening gap.
Risks to the copper price prediction for tomorrow
- China construction data disappointing and reducing August demand expectations in the copper price prediction for tomorrow.
- Dollar strengthening from risk-on global flows compressing COMEX Copper in the copper price prediction for tomorrow.
- Energy cost headwinds from crude and gas surging reducing copper smelter margins in the copper price prediction for tomorrow.
Conclusion
The copper price prediction for tomorrow for Tuesday 11 August 2026 is shaped by three resolved positives from Monday: Bajaj Finance +2.24% (NBFC fear gone), ICICI Bank +0.76% (private bank Day 3 reversal confirmed) and SBI post-Q1 booking potentially exhausted at Rs 1,071. The primary new risk is energy: crude +1.29% to Rs 7,520 and Natural Gas +3.33% to Rs 264.10 signal Iran deal stalled, creating input cost headwinds for auto and FMCG in the copper price prediction for tomorrow. Ankit Jaiswal of Univest identifies Rs 1,362-1,368 as the primary support and Rs 1,380-1,390 as the resistance for tomorrow on Tuesday.
Kunal Singla of Univest recommends the three-check approach for tomorrow: Brent crude direction pre-market (key for sector rotation in the copper price prediction for tomorrow), Bajaj Finance opening above Rs 1,100 (NBFC recovery sustaining) and ICICI Bank above Rs 1,435 (Day 4 private bank recovery continuing). VIX at 12.19 confirms stable volatility for the copper price prediction for tomorrow on Tuesday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Verify all data with NSE (nseindia.com) and BSE (bseindia.com) before investing. Investments are subject to market risk. This content is for educational purposes only and does not constitute investment advice by Univest (SEBI RA INH000013776).
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FAQs on Copper Price Prediction For Tomorrow, 11 August 2026
What is the copper price prediction for tomorrow, 11 August 2026?
Ans. The copper price prediction for tomorrow is positive. MCX Copper gained 0.75% to Rs 1,375.70 on Monday, closing near the day’s high of Rs 1,380.50. Nifty Metal +0.28% confirms broad base metals participation. Support is Rs 1,362-1,368 and resistance is Rs 1,380-1,390 in the copper price prediction for tomorrow.
Which analysts prepared the copper price prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the copper price prediction for tomorrow using Groww-confirmed Monday data: MCX Copper Rs 1,375.70 (+0.75%).
How does the energy surge affect the copper price prediction for tomorrow?
Ans. Crude +1.29% and Natural Gas +3.33% on Monday signal infrastructure investment accelerating (no Iran deal = more domestic energy infrastructure spending). This indirectly supports copper demand through the construction and electrical infrastructure channel in the copper price prediction for tomorrow.
What is MCX Copper support and resistance for the copper price prediction for tomorrow?
Ans. Support is Rs 1,362-1,368 and Rs 1,348-1,355. Resistance is Rs 1,380-1,390 and Rs 1,400-1,412 in the copper price prediction for tomorrow.
What stocks express the copper price prediction for tomorrow?
Ans. Hindalco (primary copper producer), Hindustan Zinc (base metals complex) and Tata Steel (industrial metals co-demand) express the copper price prediction for tomorrow.
