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Friday, August 22, 2008

UPDATES ON AUG 22 2008

AUG 22 FRIDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 78.80 , S2 RS 77.20

R1 RS 81.60 , R2 RS 83.30

BUY AT RS 79 TO 78.80

STOP LOSS RS 77.20

TARGET RS 81.60

Zinc rose to $ 1755 / 1775 a tonne from $ 1750.

All base metals were higher on Thursday ,

although trading was expected to remain

volatile.

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