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.