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.
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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