JUNE 18 WEDNESDAY

SHORT TERM TREND : BEARISH : TARGET RS 77

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 79.10, S2 RS 78, S3 RS 76.40

R1 RS 81.20, R2 RS 82.40, R3 RS 84

PREFER SHORTS AT RS 80.80 TO 81.10

STOP LOSS RS 82.40

TARGET RS 79.10

Low Inventories to Support Metals Prices, Lehman's

Widmer Says .

Metal inventories are set to remain well below

historical averages this year following relatively

healthy demand and insufficient supply additions,

which should support prices, according to

Lehman Brothers Holdings Inc.

Zinc and lead inventories are expected to be around

3.07 weeks and 1.25 weeks of demand at the end of

the year, down from their long-term averages of

6.2 weeks and 3.82 weeks respectively according

to the report.

Zinc was trading at $ 1885 a tonne from $ 1880.