OCT 17 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 57.30 , S2 RS 55.80

R1 RS 60.80 , R2 RS 62.30

SELL AT RESISTENCE LEVELS.

Zinc, which has dropped 50 percent this year, traded down

8 percent today at $1,210 a ton. About 75 percent of the world's

mines are operating at below total production costs with the

metal at $1,200 a ton.

Zinc has support at $ 1320 and Resistence at $ 2400.

It is at a fresh 2008 low.