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Thursday, August 14, 2008

UPDATES ON AUG 14 2008

AUG 14 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 70 TO 73

LONG TERM TREND : BEARISH : TARGET RS 62.

S1 RS 70.10, S2 RS 68.60 , S3 RS 67.20

R1 RS 73 , R2 RS 74.50 , R3 RS 76

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Zinc gained $ 12 to $ 1630.

Metals were vulnerable with London Metal Exchange

Copper just offa 6 month low of $ 7120 a tonne

and Aluminum close to a 5 month trough of $ 2756

hit in the previous session.

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