We are now on face book . Dear viewers we request you to like our page and if any queries you cld ask us there . we will get back .

Friday, October 10, 2008

UPDATES ON OCT 10 2008

OCT 10 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 68.60 , S2 RS 66

R1 RS 70.60 , R2 RS 72.30

SELL AT RESISENCE LEVELS.

Zinc rises more than 5 pct as metals rebound .

Zinc prices climbed more than 5 percent on Thursday,

industrial metals across the board bounced after sharp falls

in the previous session, traders said.

Zinc for three-months delivery on the London Metal Exchange

jumped to $1,520 per tonne and was at $1,508 per tonne by

1321 GMT versus Wednesday's close of $1,430 a tonne.

Zinc has dropped more than 7 percent since the start of the

week, as metals were sold due to worries about the

slowdown in the global economy.


No comments: