AUG 2 SATURDAY

SHORT TERM TREND : BEARISH : TARGET RS 79.60

LONG TERM TREND : BEARISH : TARGET RS 64

PREFER SHORTS AT RS 81.60 TO 81.70

STOP LOSS RS 83

TARGET RS 79.60

Zinc last traded at $1,840 a tonne from Thursday's lastbid at $1,915.

Metal prices shrugged off the rebound in oil, which

together with a firmer dollar had capped prices earlier

in the session as many index-based funds buy or sell

commodity baskets.

U.S. economic data paints bleak demand picture.

Oil rebounds to $126 a barrel, dollar nearly unchanged.