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.