MAY 30 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 82

LONG TERM TREND : BEARISH TARGET RS 82

S1 RS 83.60, S2 RS 82.20, S3 RS 80.40

R1 RS 86.50, R2 RS 88 , R3 RS 89.60

MARKETS TRADING AT OVER SOLD ZONE'

PREFER SHORTS AT RESISTENCE,

Zinc was also weak after a hefty rise in stockpiles, which grew by 7,850 tonnes on Wednesday.

The grey metal was trading at $2,033 against $2,121, having hit an intraday low of

$2,030.

MAY 29 THURSDAY


SHORT TERM TREND : BEARISH :TARGET RS 87.60

LONG TERM TREND :BEARISH : TARGET RS 82.00

S1 RS 90.29, S2 RS 88.80 , S3 RS 87.20

R1 RS 92.30, R2 RS 93.60, R3 RS 95.

PREFER TO SHORT AT RS 92.20 TO 92.40

STOP LOSS RS 93.60

TARGET RS 90.20

The sell-off across the base metals complex this morning has also been

extended by a drop across commodities, with lower oil prices and a firmer

dollar hitting sentiment.


zinc was trading at $2,095 against $2,151.

MAY 28 WEDNESDAY

SHORT TERM TREND BEARISH TARGET RS 91.60

LONG TERM TREND BEARISH TARGET RS 82

Prefer shorts at RS 93 to 93.20

Stop loss RS 94.20

Target RS 91.80

Zinc was trading at $2,161 against $2,150.

MAY 23 FRIDAY

SHORT TERM TREND : BEARISH ; TARGET RS 87

LONG TERM TREND : BEARISH : TARGET RS 82

Prefer intraday short at Rs 92 to Rs 92.20

Stop Loss Rs 93.40

Target Rs 89.40

Zinc Futures witnessed some selling pressure closing

at $2110.

May 22 THURSDAY


SHORT TERM TREND : BEARISH TARGET RS 90.60

LONG TERM TREND : BEARISH TARGET RS 83.

S1 RS 90.30, S2 RS 90 , S3 RS 86.80

R1 RS 93.80 R2 RS 97. R3 RS 97.30

PIVOT RS 93.50

Zinc futures closed 3.1 % in the red close to $ 2205 following Copper and on

expectations that chinese supplies would not be affected by the Earthquake

MAY 21 WEDNESDAY


SHORT TERM TREND BEARISH TARGET RS 94.20

LONG TERM TREND BEARISH TARGET RS 83.

S1 RS 94.7 , S2 RS 93.1 , S3 RS 91.7

R1 RS 97.8 , R2 RS 99.2 , R3 RS 100.8

PIVOT RS 96.10

Zinc smelters in Earthquake hit China have slowly started

production providing some relief from supply worries

and bringing down prices on the London Metal Exchange.

MAY 20 TH TUESDAY


SHORT TERM TREND :SIDEWAYS :TARGET RS 98 TO 94.70

LONG TERM : BEARISH : TARGET RS 83.

Zinc prices fell more than 2 per cent in London on Tuesday on news that some smelters in China's earthquake-hit Sichuan province would soon restart production.


Zinc futures on the London Metal Exchange, which rose almost 7 per cent in the immediate aftermath of the quake last week, traded down to $2,237 (U.S.) per tonne by 10:54 a.m. GMT, down $51 from Monday's close and its lowest since May 13.