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Wednesday, October 15, 2008

UPDATES ON OCT 15 2008

OCT 15 WEDNESDAY


SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 66.30 , S2 RS 64.80

R1 RS 68.60 , R2 RS 70.30

Zinc fell more than 5 percent to $1,405 a tonne from

$1,480, before ending at $1,410.

Rising costs and falling prices have forced a growing number

of zinc miners to announce cost-cutting measures, cutbacks

or even closures at high-cost operations.



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