SEPT 18 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78 S2 RS 76

R1 RS 80.60 , R2 RS 83.

WAIT FOR CONFIRMATION.

The Base metal market stabilised in London Metal

Exchange pre market trade Tuesday after 2 days

of turmoil in the world financial markets.

Zinc was off $ 13 at $ 1715 /mt.

Zinc prices are likely to fall further as market

surplus widens.

China's zinc smelters, the largest in the world, may get paid

14 percent less next year to process metal as they compete for

shrinking raw material supplies.