AUG 6 WEDNESDAY

SHORT TERM TREND : BEARISH : TARGET RS 73.30

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 73.40, S2 RS 72, S3 RS 70.60

R1 RS 75,70, R2 RS 77, R3 RS 78.60

PREFER SHORT AT RS 75.60 TO 75.70

STOP LOSS RS 77

TARGET RS 73.40

Zinc extends losses with LME inventories rising.

Base metals ended steady to lower onTuesday, easing off

session lows after markets jittery about global demand

prospects pushed copper to a six-month low and zinc to

its lowest level in2-1/2-years.

Zinc slid to $1,746 a tonne on rising stocks in LME warehouse,

whichrose 2,500 tonnes to 161,825 -- the highest

since September 2006.

The increase in inventories is likely to pressure prices even

lower,Barclays Capital said in a research note.

Earlier the metal, mainly used to galvanize steel, hit a 2-1/2-year

low of$1,730 from $1,769 at the close on Monday.