JULY 31 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 78.60 TO 83

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 78.60, S2 RS 77.20, S3 RS 75.40

R1 RS 81.80, R2 RS 83, R3 RS 85

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Zinc traded at $ 1853 a tonne from $ 1870.

The Dollar traded near a one month high

against the Euro while oil steadied around

$ 122 a Barrel.

JULY 30 WEDNESDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 78.60 TO 83

LONG TERM TREND : BEARISH: TARGET RS 64

S1 RS 78.60, S2 RS 77.20, S3 RS 75.40

R1 RS 81.80, R2 RS 83, R3 RS 85

MARKET IS EXPECTED TO MOVE SIDEWAYS

Zinc was down 1 % to trade at $1905 a tonne.

Open intrest is extremely low for most of the base metals

with most markets holding in very narrow range.

JULY 29 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 85.60

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 80.50, S2 RS 79, S3 RS 77.30

R1 RS 83.80, R2 RS 85.60, R3 RS 87.30

PREFER INTRA DAY LONG AT RS 80.80 TO 80.60

STOP LOSS RS 79

TARGET RS 83.80

Zinc was trading up 1 percent at $ 1863 a tonne.

Consumers and traders are in no rush to buy

Base metals on Monday and traders said that

markets are expected to be quiet in the absence

of any fresh gold or oil related drivers.

JULY 25 FR4IDAY

SHORT TERM TREND : BEARISH : TARGET RS 76

LONG TERM TREND : BEARISH : TARGET 64

S1 RS 78.80, S2 RS 76.60, S3 RS 75.20

R1 RS 80.10, R2 RS 81.40, R3 RS 83

PRFER SHORT AT 79.80

STOP LOSS RS 81.60

TARGET RS 76.60

Zinc gained $ 15 to $ 1940 .

JULY 24 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 78 TO 83

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 79.50, S2 RS 78, S3 RS 76.60

R1 RS 81.80, R2 RS 83.40, R3 RS 85

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Zinc rose the most in more than a week.

A stronger U.S. currency discourages holders of other

monies to buy dollar-denominated commodities, which

become more expensive to them.

Zinc rose as much as $70, or 3.8 percent, to $1,915 a ton,

the biggest intraday gain since July 11.

JULY 23 WEDNESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 76.30 TO 80.60

LONG TERM TREND :BEARISH : TARGET RS 68

S1 RS 77.60, S2 RS 76.30, S3 RS 75

R1 RS 79.70, R2 RS 80.60, R3 RS 82

IF PRICES IS UNABLE TO BREAK 79.70

STAY SHORT FOR INTRADAY.

Zinc increased $49.75, or 2.7 percent, to $1,910.25 a ton,

trimming this year's loss to 19 percent. OZ Minerals Ltd.,

the world's second-largest zinc mining company, said

the price of the metal may start to rebound as mine

closures cut the global surplus faster than expected.

JULY 22 TUESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 77.50 TO 81.30

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 77.60, S2 RS 76, S3 RS 74.80

R1 RS 81.20, R2 RS 82.60, R3 RS 85

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Base metals traded on the London Metal Exchange are

slightly higher in Europe on Monday, getting support

from a rise in crude oil, but traders and analyst said the

metal still looked vulnerable to further losses barring

any major strike or renewed energy problem.

At 0927 GMT LME Zinc was trading at $ 1850 / tonne.

Lehman Brothers released new metal forecast , raising

its 2008 average price outlook for copper and aluminium

but lowering it for Nickel, Lead and Zinc.

JULY 18 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 75

LONG TERM TREND : BEARISH: TARGET RS 68

S1 RS 77.40, S2 RS 76, S3 RS 75

R1 RS 79.60, R2 RS 81.20, R3 RS 82.60

PREFER SHORTS AT RS 79.30 TO 79.40

STOP LOSS RS 81.20

TARGET RS 76.60

LME Zinc recoverd $ 25 to $ 1820 per tonne.

London Metal Exchange was mixed on Thursday as

signs of confidence returning to broader markets on

Thursday , were balanced against lingering concerns

over U.S banks.

JULY 16 WEDNESDAY

SHORT TERM TREND : BEARISH: TARGET RS 75.40

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 78.60, S2 RS 77, S3 RS 75.40

R1 RS 82, R2 RS 83.60, R3 RS 85

PREFER SHORTS AT RS 81.80 TO 82

STOP LOSS RS 83.60

TARGET RS 78.60

LME Zincs big day will be on Wednesday , when

further news is expected on production cutbacks

in China to shore up domestic prices.

Standard Bank said the key issue wil be from

which level the proposed 10 % cut will be measured ,

as many of the operations are already running at sub

optimal capacity and have been doing so for some

time.

LME Zinc slipped $ 55 to $ 1950 per tonne.

JULLY 15 TUESDAY

SHORT TERM TREND : SIDEWAYS:' TARGET RS 84.60 TO 88.40

LONG TERM TREND : BEARISH: TARGET RS 68

S1 RS 84.60, S2 RS 83, S3 RS 81

R1 RS 88.20 , R2 RS 90.30, R3 RS 92

MARKET IS EXPECTED TO MOVE SIDEWAYS.

In metals cancelled warrants rose in zinc and tin,

to stand at 5,72 % of LME Stock and 13.91 % of LME

Stock respectively.

Zinc was down $ 9 at $ 2015/ a tonne from

Fridays close.

JULY 11 FRIDAY

SHORT TERM TREND : BULLISH: TARGET RS 88.20

LONG TERM TREND : BEARISH: TARGET RS 68

S1RS 82, S2 RS 80.60, S3 RS 79

R1 RS 85, R2 RS 86.30, R3 RS 88

PREFER LONGS AT RS 83.10 TO 83

STOP LOSS RS 82

TARGET RS 85

zinc fell 3.4 percent, to $1,922 a ton.

JULY 10 THURSDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 78.40 TO 83.60

LONG TERM TREND : BEARISH: TARGET RS 68

S1 RS 78.40, S2 RS 77, S3 RS 75.60

R1 RS 81.20, R2 RS 83.60, R3 RS 85

MARKET IS EXPECTED TO MOVE SIDEWAYS TO HIGHER.

STAY LONGS AT INTRADAY AT SUPPORT.

zinc rally on short-covering.

Zinc bounced 6.6 percent on short-covering, traders

said,after prices have fallen some 23 percent so far this year.

Zinc MZN3 closed at its intraday high of $1,865 per tonne

against $1,750 on Tuesday.

JULY 9 WEDNESDAY

SHORT TERM TREND : BEARISH: TARGET RS 74.60

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 76, S2 RS 74.60, S3 RS 73

R1 RS 78.30, R2 RS 80.20, R3 RS 81.60

PREFER SHORTS AT RS 78.10 TO 78.60

STOP LOSS RS 80.20

TARGET RS 76.20

Zinc was down to $ 1805 /1825 a tonne from

$ 1840 on Monday.

JULY 8 TUESDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 77.80 TO 82

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 78, S2 RS 76.60, S3 RS 75

R1 RS 80.20, R2 RS 82, R3 RS 84

PREFER LONGS ABOVE RS 80.20

STOP LOSS RS 78

TARGET RS 82 AND 84

Zinc was up at $ 1789 a tonne from $ 1780.

JULY 4 FRIDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 76.60 TO 79.60

LONG TERM TREND : BEARISH: TARGET RS 68

S1 RS 76.20, S2 RS 75, S3 RS 73.60

R1 RS 78.60, R2 RS 80, R3 RS 81.60

DUE TO ABSENCE OF INTERNATIONAL MARKET

TRADE IS EXPECTED TO BE RANGE BOUND.

Zinc fell to $ 1825/1845 a tonne from $ 1865 on

Wednesday.Earlier it touched $ 1821 a tonne

the lowest since December 2005.

JULY 2 WEDNESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 82.20 TO 85.80

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 82.60, S2 RS 81.20, S3 RS 79.60

R1 RS 85.60, R2 RS 87, R3 88.30

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Zinc edged down to $ 1910/1939 a tonne as against

$ 1930.

JULY 1 TUESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 81.60 TO 85.80

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 82.60, S2 RS 81.20 , S3 RS 79.60

R1 RS 85.60, R2 RS 87, R3 RS 88.30

MARKET IS EXPECTED TO MOVE SIDEWAYS

Zinc added 0.4 % to $ 1940.