Friday, July 18, 2008
UPDATES ON JULY 18 2008
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.
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.
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