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Friday, December 5, 2008

UPDATES ON DEC 5 2008

DEC 5 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 56.10 , S2 RS 54.60 , S3 RS 52.80

R1 RS 59 , R2 RS 60.60 , R3 RS 63

STAY SHORT AT RESISTENCE.

Zinc prices at LME decreased by 2.48 % to $ 1140

per tonne.

Zinc warehouse stocks in the previous session

increased by 9325 units to 202750 tonnes.

The immediete support is seen at Rs 57.00 levels

for MCX Dec contract where as crucial support is seen

at Rs 56.10 levels.

Short term resistence is seen at Rs 58.90 and major

resistence is seen at Rs 60.10.

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