DEC 1 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 60 , S2 RS 59 , S3 RS 57

R1 RS 61.60 , R2 RS 63.30 , R3 RS 65

This complex has borne the brunt of global

economic slow down . Contraction in liquidity and sharp

decline in demand and rising inventories have taken a toll on

market prices.

Producers are cutting output in Zinc but the quantum

of cuts is unlikely to arrest the downside risk.

More cuts may be resorted to.