OCT 31 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56.20 , S2 RS 55

R1 RS 58.40 , R2 RS 60.80

STAY SHORT AT RESISTENCE.

Zinc stocks also came in higher at 182,100 tonnes,

sending prices to a low of $1,145 a tonne. It closed

at $1,160, down7.9 percent versus Wednesday's

$1,260.

Producers have started to cut back production across

metals asfalling prices put profit margins under pressure.

Analyst say charts show an eventual move to $ 1300 and in

fact came close to this level and since then backed off.

It has support at $ 1090 and resistence at $ 1300.