Thursday, November 6, 2008
UPDATES ON NOV 6 2008
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.
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.
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