Copper Prediction for Tomorrow | MCX Copper Levels 24 June 2026

The copper prediction for tomorrow for 24 June 2026 is shaped by today's MCX Copper Jul Futures closing at Rs 1,314 per kg (-24.45, -1.83%) as broader markets fell sharply on the Nifty 50 expiry day. Copper fell on broad commodity risk-off and cautious global manufacturing demand signals. India VIX surged to 14.23 (+10.83%), reflecting elevated uncertainty. Tomorrow (Wednesday 24 June 2026) is the Bank Nifty weekly expiry, adding a layer of market volatility that will influence MCX trading.

Ankit Jaiswal, Senior Research Analyst at Univest, has analysed today's MCX Copper price action, global cues, and F&O data to present the copper prediction for tomorrow. Kunal Singla provides the broader equity market context that influences commodity sentiment for 24 June 2026.

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Copper Prediction for Tomorrow: Today's MCX Close

• MCX Close: MCX Copper Jul Futures settled at Rs 1,314 per kg (-24.45, -1.83%) on 23 June 2026 from Rs 1,338.45. Copper fell on broad MCX risk-off and cautious global manufacturing sentiment on expiry day
• International Cue: LME Copper at ~$9,200/tonne (bearish) in global markets. Overnight movement in LME Copper will be the primary signal for the copper prediction for tomorrow opening price on Wednesday.
• Market Context: Nifty 50 expiry-day selling drove broad risk-off across both equities and commodities on 23 June 2026. Bank Nifty expiry on 24 June 2026 will continue to influence market sentiment for the copper prediction for tomorrow session.

Copper Prediction for Tomorrow: MCX Key Levels

Trend: Cautiously Bearish | MCX Range: Rs 1,305 to Rs 1,335 per kg

Level	Copper (MCX Copper Jul Futures)
Support 1	1,305
Support 2	1,290
Resistance 1	1,335
Resistance 2	1,345

The copper prediction for tomorrow from Ankit Jaiswal places Rs 1,305 per kg as the key MCX support for Wednesday. A hold above 1,305 keeps the copper prediction for tomorrow range-bound with target Rs 1,335. A break above Rs 1,335 with volume targets Rs 1,345. Jaiswal notes that MCX Copper expiry on 31 July 2026 means pre-expiry OI positioning will influence 24 June 2026's price action. The copper prediction for tomorrow therefore carries expiry-driven intraday risk alongside the broader Bank Nifty Wednesday expiry.

Copper F&O and Global Analysis for 24 June 2026

• MCX Contract: The active MCX Copper contract (Copper Jul Futures) expires on 31 July 2026. The copper prediction for tomorrow expects pre-expiry OI unwinding to add directional impulse to Wednesday's session.
• International Markets: LME Copper at ~$9,200/tonne (bearish) is the primary overnight reference. Any material move in LME Copper between Indian market close today and MCX opening tomorrow will directly gap the copper prediction for tomorrow.
• Dollar Index: DXY direction overnight directly affects rupee-denominated MCX prices. A weaker dollar supports the copper prediction for tomorrow; a stronger dollar creates downside risk for the MCX opening price tomorrow.

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MCX Trading Strategy: copper prediction for tomorrow

1. Buy Setup: The copper prediction for tomorrow suggests buying near Rs 1,305 per kg with stop at Rs 1,290 targeting Rs 1,335. Confirm with overnight LME Copper direction before entry.
2. Sell Setup: A break below Rs 1,305 on volume in the copper prediction for tomorrow targets Rs 1,290 with stop above Rs 1,335.
3. Watch Bank Nifty Expiry: Broad market volatility from Bank Nifty expiry on Wednesday can temporarily spike MCX volatility. The copper prediction for tomorrow advises avoiding trades in the 2:00 to 3:15 PM window.
4. Limit Orders: MCX Copper can gap on overnight global moves. The copper prediction for tomorrow recommends using limit orders rather than market orders to avoid adverse fills on Wednesday opening.

What Global Data Indicates for copper prediction for tomorrow

The copper prediction for tomorrow is primarily driven by overnight movements in LME Copper and the Iran-US Switzerland talk outcome. Ankit Jaiswal notes that the copper prediction for tomorrow carries dual event risk on Wednesday: MCX contract-specific expiry positioning and broader Bank Nifty weekly expiry volatility that affects rupee and risk sentiment simultaneously.

Kunal Singla observes that Nifty 50 falling to 23,824.10 today and VIX at 14.23 signal a cautious near-term environment. The copper prediction for tomorrow in this context leans toward the defensive end — tighter position sizes and wider stops are recommended until either the Iran-US deal outcome or Bank Nifty expiry provides directional clarity.

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Risks to copper prediction for tomorrow

• Iran-US Deal Outcome: A confirmed Iran deal overnight would sharply alter the copper prediction for tomorrow via energy price and risk-sentiment channels. A breakdown would spike volatility and may gap the copper prediction for tomorrow opening above or below key levels.
• China Demand Data: Any negative China PMI or industrial output data overnight would extend copper's weakness and push the copper prediction for tomorrow below Rs 1,305 support.
• Dollar Spike: A sharp DXY surge overnight would pressure all rupee-denominated MCX prices and create gap-down risk for the copper prediction for tomorrow on Wednesday opening.
• Bank Nifty Expiry Spillover: Broad market volatility from Bank Nifty expiry can temporarily widen MCX Copper spreads and create slippage risk for the copper prediction for tomorrow in the afternoon session.

Stocks to Watch Tomorrow, 24 June 2026

Ankit Jaiswal and Kunal Singla of Univest flag three equity stocks for Wednesday's session. Tomorrow is Bank Nifty weekly expiry (24 June), adding volatility to banking names. These picks are based on today's post-expiry oversold setup.

Stock	CMP (23 June 2026)	Entry Zone	Target	Stop Loss
Sun Pharma	Rs 1,868.00	Rs 1,862 to Rs 1,872	Rs 1,900 to Rs 1,910	Rs 1,845
HDFC Bank	Rs 774.65	Rs 772 to Rs 778	Rs 790 to Rs 795	Rs 763
Reliance Industries	Rs 1,309.50	Rs 1,305 to Rs 1,312	Rs 1,330 to Rs 1,338	Rs 1,292

Sun Pharma closed at Rs 1,868.00 today, the outperformer in a weak market, as Nifty Pharma (+0.92%) was among the very few positive sectors on 23 June 2026. Jaiswal flags entry at Rs 1,862 to Rs 1,872 targeting Rs 1,900. HDFC Bank at Rs 774.65 is oversold ahead of Bank Nifty expiry on Wednesday; Singla sees a pre-expiry short-covering bounce targeting Rs 790 to Rs 795 with stop at Rs 763. Reliance Industries closed at Rs 1,309.50, testing its low of Rs 1,304 today; Jaiswal sees Rs 1,305 to Rs 1,312 as a bounce entry targeting Rs 1,330 with stop at Rs 1,292.

Conclusion

The copper prediction for tomorrow on 24 June 2026 is cautiously bearish with MCX support at Rs 1,305 and resistance at Rs 1,335 per kg. Ankit Jaiswal notes that the copper prediction for tomorrow direction hinges on overnight LME Copper movement and Iran-US talk outcome. Track LME Copper and GIFT Nifty before 9:15 AM for the most current inputs for the copper prediction for tomorrow on Wednesday.

This copper prediction for tomorrow is based on MCX market data as of close of trade on 23 June 2026. All levels should be verified with MCX official data before placing positions in the copper prediction for tomorrow for Wednesday.

FAQs

What is the copper prediction for tomorrow, 24 June 2026?

Ans. The copper tomorrow Wednesday outlook for 24 June 2026 shows MCX Copper at Rs 1,314 per kg (-1.83%) on 23 June 2026. Support is Rs 1,305 and resistance Rs 1,335 per kg. LME Copper at ~$9,200/tonne is the primary overnight cue for the copper tomorrow Wednesday outlook opening on Wednesday.

What is the MCX Copper support for 24 June 2026?

Ans. The copper tomorrow Wednesday outlook places MCX Copper support at Rs 1,305 and Rs 1,290 per kg. Resistance levels are Rs 1,335 and Rs 1,345. A sustained break above Rs 1,335 with volume would signal a bullish breakout for the copper tomorrow Wednesday outlook on Wednesday.

When is the MCX Copper expiry?

Ans. The active MCX Copper contract (Copper Jul Futures) expires on 31 July 2026. Pre-expiry OI positioning will influence the copper tomorrow Wednesday outlook intraday on Wednesday, particularly in the final trading hour.

What stocks should traders watch alongside the copper tomorrow Wednesday outlook?

Ans. Alongside the copper tomorrow Wednesday outlook on Wednesday, Univest analysts flag Sun Pharma (entry Rs 1,862 to Rs 1,872, target Rs 1,900), HDFC Bank (pre-expiry bounce, entry Rs 772 to Rs 778, target Rs 790), and Reliance Industries (oversold bounce, entry Rs 1,305 to Rs 1,312, target Rs 1,330) as key equity stocks to watch.

How does Bank Nifty expiry affect the copper tomorrow Wednesday outlook?

Ans. Bank Nifty weekly expiry on Wednesday 24 June 2026 can widen MCX spreads and create additional volatility between 2:00 PM and 3:15 PM. The copper tomorrow Wednesday outlook advises avoiding MCX Copper trades during this Bank Nifty expiry window to reduce slippage risk.