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.
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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