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Thursday, July 31, 2008

UPDATES ON JULY 31 2008

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.

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