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Friday, July 4, 2008

UPDATES ON JULY 4 2008

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.

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