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Friday, May 30, 2008

UPDATES ON MAY 30 FRIDAY

MAY 30 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 82

LONG TERM TREND : BEARISH TARGET RS 82

S1 RS 83.60, S2 RS 82.20, S3 RS 80.40

R1 RS 86.50, R2 RS 88 , R3 RS 89.60

MARKETS TRADING AT OVER SOLD ZONE'

PREFER SHORTS AT RESISTENCE,

Zinc was also weak after a hefty rise in stockpiles, which grew by 7,850 tonnes on Wednesday.

The grey metal was trading at $2,033 against $2,121, having hit an intraday low of

$2,030.

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