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Tuesday, July 15, 2008

UPDATES ON JULY 15 2008

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.

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