NOV 26 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 63.20 , S2 RS 61.80 , S3 RS 60

R1 RS 65.60 , R2 RS 67.60 , R3 RS 69

NOV 26 WEDNESDAY

SHORT TERM TREND : SIDFEWAYS

LONG TERM TREND : BEARISH

S1 RS 61.20 , S2 RS 59.80 , S3 RS 58

R1 RS 64 , R2 RS 66.30 , R3 RS 68

NOV 25 TUESDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58.60 , S2 RS 57.10 , S3 RS 55.70

R1 RS 61 , R2 RS 62.70 , R3 RS 64

NOV 25 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BARISH

S1 RS 58.60 , S2 RS 57.10 , S3 RS 55.70

R1 RS 61 , R2 RS 62.70 , R3 RS 64

Zinc pared earlier losses on the LME after OZ Minerals Ltd.,

the world’s second-largest zinc mining company, said it will

defer A$495 million ($318 million) in project spending and

cut output because of turmoil in debt and metal markets.

The Melbourne-based company will also cut output at its

largest zinc mine by 20,000 tons, it said today.

Immediete support is seen at Rs 56.90 levels for

MCX Nov contract whereas crucial support is seen at

Rs 55.10 levels.

Short term resistence is seen at Rs 60.70 while major

resistence is seen at Rs 62.75.

TECHNICAL LEVELS FOR EVENING TRADING

NOV 24 MONDAY

SEORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 60.60 , S2 RS 59.30 , S3 RS 58

R1 RS 62.60 , R2 RS 64 , R3 RS 66.60

STAY LONG AT SUPPORT.

NOV 24 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 58.20 , S2 RS 56.80 , S3 RS 55.60

R1 RS 60.60 , R2 RS 62 , R3 RS 63.60

SELL AT RESISTENCE.

In Zinc there has been a sharp output cuts which

may arrest near term downturn to prices.

There is potential for sharp short term covering

rallies.

Immediete support is seen at Rs 56.40 levels

for MCX Nov contract where as crucial support

is seen at Rs 55.10.

Zinc is expected to trade sideways for the day.

Short term resistence is seen at Rs 58.60 whereas

major resistence is seen at Rs 60.10.

TECHNICALS FOR NOVEMBER 21

MCX NOVEMBER ZINC

SHORT TERM : BEARISH

LONG TERM BEARISH

SUPPORTS : 57.40, 56, 54.30

RESISTANCES : 59.30, 60.60, 62

STAY SHORT AT RESISTANCES

TECHNICALS FOR NOVEMBER 20

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 58, 56.3

RESISTANCES : 60.60, 62

SHORT TERM AT RESISTANCES

NOV 19 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58 , S2 RS 56.30

R1 RS 60.60 , R2 RS 62

Zinc, mainly used to galvanise steel, jumped on the back

o finvestor short-covering after news that the world's

largest producerplanned to cut production.


Zinc rose 6.5 percent to a high of $1,235 a tonne before

closing at $1,229, up $69.

Immediete support is at Rs 56.10 levels for MCX Nov contract

where as crucial support is at Rs 55.05 levels.

Zinc is expected to trade sideways.

Short term resistence is at Rs 58.90 whereas major

Resistence is at Rs 60.10.

NOV 18 TUESDAY

SHORT TERM TREND : BEARSH

LONG TERM TREND : BEARISH

S1 RS 56.10 , S2 RS 54.70

R1 RS 58.30 , R2 RS 59.60

Zinc at $1,170, from $1,200.

The immediete support is seen at Rs 56.10

levels for MCX November contract whereas crucial

support is seen at Rs 55.05 levels.

Zinc is expected to trade sideways for the day.

Short term resistence is seen at Rs 58.90

whereas major resistence is seen at Rs 60.10.

NOV 17 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56.80 , S2 RS 55.30

R1 RS 61 , R2 RS 63

Zinc dropped $15 to $1,190 a ton.

Demand deterioration following lowering of

global growth expectations remain the central

theme of the base metal complex.

Prices have declined to multi year lows .

Inventory of copper , nickel and zinc are rising.

Immediete support is seen at RS 57.20 for MCX

Nov contract whereas crucial support is seen at

Rs 55.80.

Zinc is expected to trade sideways for the day.

Short term resistence is seen at Rs 60.80

and major resistence is seen at Rs 62.10.

TECHNICALS FOR NOVEMBER ZINC

NOVEMBER 14

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 58, 56.3

RESISTANCES : 61, 63

WAIT FOR CONFIRMATION

TECHNICALS FOR NOVEMBER 13

MCX NOVEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 54.60, 53

RESISTANCES : 57.60, 59

SELL AT RESISTANCES

NOV 12 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 52.40 , S2 RS 51.10

R1 RS 55.30 , R2 RS 57

SELL AT RESISTENCE.

Zinc was at $ 1305 a tonne from mondays $ 1100 /1105.

Zinc prices are trading sideways and bearish confirmation

can be seen below $ 1075 / ton .That is Rs 52.40 /KG in

the MCX Nov contract.

Analyst feel prices can test Rs 47.30 / in MCX Nov contract

in the coming days.

Zinc can face resistence at $ 1191 / ton ie Rs 55.80/kg

in the MCX.

TECHNICALS FOR NOVEMBER 11

MCX NOVEMBER ZINC

SHORT TERM : BEARISH

LONG TERM: BEARISH

SUPPORTS : 52.00, 50.40

RESISTANCES : 54.10, 55.60

SELL AT RESISTANCES

TECHNICALS FOR NOVEMBER 10

MCX NOVEMBER ZINC

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS: S1 51.80 , S2 50.10

RESISTANCES ; R1 54.4, R2 56.30

WAIT FOR CONFIRMATION

NOV 7 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 53.60 , S2 RS 51.40

R1 RS 55.60 , R2 RS 57.80

PIVOTS FOR NOVEMBER 7

MCX NOVEMBER ZINC

SHORTTERM TREND: SIDEWAYS

LONG TERM TREND : BEARISH

SUPPORTS : S1 52, S2 50.40

RESISTANCES : R1 55.20, R2 56.70

WAIT FOR CONFIRMATIONS

NOV 6 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 54.10 , S2 RS 52.30

R1 RS 57 , R2 RS 58.60

Zinc is now tradingf at Rs 59 and has been witnessing

a continuous downward trend since the few days

on the back of global weakness and demand supply

pressure.

Analyst say that the near term outlook seem range bound

with bouts of selling and buying.

Therefore traders advise is to go short in this counter

and every rise should be utilised as an oppurtunity

to create short position.

NOV 5 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 57.10 , S2 RS 55.60

R1 RS 59.40 , R2 RS 62

STAY LONG FOR INTRA DAY

Zinc dropped 2.3 percent to $1,210 as of 10:45 a.m. in Singapore.

Zinc closed up but physical inventories in

London and China is still high.Small producers have

cut output but this is not enough to offset

weak auto sales.

NOV 4 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 55.60 , S2 RS 54

R1 RS 58.30 , R2 RS 60.10

STAY SHORT AT RESISTENCE.

Zinc was at $1,170 from $1,125 a tonne.

Stocks are growing due to global demand.

Global economic slow down keeps current prices

under pressure even when the global zinc usage

should increase by 3.3 % in 2008.

Inventories in Lond0n increase as Chinese output

strengthens.

Global zinc production together with poor demand

add to current inventory levels.

If supply and stocks gain again price may loosen

further in a slower pace.

a

NOV 3 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56.30 , S2 RS 54.80

R1 RS 59.20 , R2 RS 61

Zinc heavily dependent on the construction sector

currently in slump ended the week 3.5 % lower.

Acording to experts base metals have beenn targetted for

short selling recently leading to violent short covering

rallies but higher prices of recent days are unlikely to be

susteined for long.

Zinc is currently trading below marginal costs.

In the short run demand compression may prove

too powerful to counter supply cuts.

UPDATE FOR 31 OCTOBER

Zinc and tin prices fell more than 5 percent on Friday,

as recession worries triggered a commodity sell-off across

the board, traders said. Zinc for three-months delivery on

the London Metal Exchange sank to $1,100 per tonne but

was at $1,105 per tonne by 0843 GMT versus Thursday's

close of $1,160 a tonne.