Saturday, June 28, 2008
UPDATES ON JUNE 28 2008
JUNE 28 SATURDAY
SHORT TERM TREND : BULLISH: TARGET RS 86
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 83.80, S2 RS 82.30, S3 RS 81
R1 RS 86.60, R2 RS 88, R3 RS 89.20
Zinc traded at $ 1935 a tonne from $ 1990 a tonne
on Thursday.
SHORT TERM TREND : BULLISH: TARGET RS 86
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 83.80, S2 RS 82.30, S3 RS 81
R1 RS 86.60, R2 RS 88, R3 RS 89.20
Zinc traded at $ 1935 a tonne from $ 1990 a tonne
on Thursday.
Thursday, June 26, 2008
UPDATES ON JUNE 2 6 2008
JUNE 26 THURSDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 79.40 TO 82.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 80.60, S2 RS 79.40, S3 RS 78
R1 RS 82.30, R2 RS 83.70, R3 RS 85
MARKET IS EXPECTED TO TRADE SIDEWAYS
Base netals followed crude oil in its downward
rally and closed lower on wednesday.
At 10.20 G.M.T LME Zinc was down 3 % from
Tuesdays high at $ 1890 per tonne.
SHORT TERM TREND : SIDEWAYS : TARGET RS 79.40 TO 82.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 80.60, S2 RS 79.40, S3 RS 78
R1 RS 82.30, R2 RS 83.70, R3 RS 85
MARKET IS EXPECTED TO TRADE SIDEWAYS
Base netals followed crude oil in its downward
rally and closed lower on wednesday.
At 10.20 G.M.T LME Zinc was down 3 % from
Tuesdays high at $ 1890 per tonne.
Wednesday, June 25, 2008
UPDATES ON JUNE 25 2008
JUNE 25 WEDNESDAY
SHORT TERM TREND : BEARISH : TARGET RS 78.20
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.80, S2 RS 78.30, S3 RS 77
R1 RS 81.70, R2 RS 83, R3 RS 84.40
PREFER SHORTS AT RS 81.50 TO 81.70
STOP LOSS RS 83
TARGET RS 79.80
Zinc was down $ 26 at $ 1900/1920 per tonne.
SHORT TERM TREND : BEARISH : TARGET RS 78.20
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.80, S2 RS 78.30, S3 RS 77
R1 RS 81.70, R2 RS 83, R3 RS 84.40
PREFER SHORTS AT RS 81.50 TO 81.70
STOP LOSS RS 83
TARGET RS 79.80
Zinc was down $ 26 at $ 1900/1920 per tonne.
Tuesday, June 24, 2008
UPDATES ON JUNE 24 2008
JUNE 24 TUESDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 81.30 TO 84.60
LONG TERM TREND : BEARISH : TARGET RS 68
MARKET IS EXPECTED TO MOVE SIDEWAYS
On the LME Zinc fell to $ 1930 from $ 1952.
SHORT TERM TREND : SIDEWAYS : TARGET RS 81.30 TO 84.60
LONG TERM TREND : BEARISH : TARGET RS 68
MARKET IS EXPECTED TO MOVE SIDEWAYS
On the LME Zinc fell to $ 1930 from $ 1952.
Saturday, June 21, 2008
UPDATES ON JUNE 21 2008
JUNE 21 SATURDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 81.60 TO 85.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 81.60, S2 RS 80, S3 RS 78.60
R1 RS 83.80, R2 RS 85, R3 RS 86.40
MARKET IS EXPECTED TO MOVE SIDEWAYS
Zinc was up at $ 1960 a tonne from $ 1934.
SHORT TERM TREND : SIDEWAYS : TARGET RS 81.60 TO 85.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 81.60, S2 RS 80, S3 RS 78.60
R1 RS 83.80, R2 RS 85, R3 RS 86.40
MARKET IS EXPECTED TO MOVE SIDEWAYS
Zinc was up at $ 1960 a tonne from $ 1934.
Thursday, June 19, 2008
UPDATES ON JUNE 19 2008
JUNE 19 THURSDAY
SHORT TERM TREND : BULLISH : TARGET RS 86.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 83.20, S2 RS 82, S3 RS 77.40
R1 RS 85.60, R2 RS 87, R3 RS 88.40
PREFER INTRA DAY LONGS AT RS 83.20 TO 83
STOP LOSS RS 82
TARGET RS 85.60
Zinc closed at $ 1990 up more than $ 100 in yesterdays
trading session as base metals witnessed some buying
on a weaker Dollar.
SHORT TERM TREND : BULLISH : TARGET RS 86.60
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 83.20, S2 RS 82, S3 RS 77.40
R1 RS 85.60, R2 RS 87, R3 RS 88.40
PREFER INTRA DAY LONGS AT RS 83.20 TO 83
STOP LOSS RS 82
TARGET RS 85.60
Zinc closed at $ 1990 up more than $ 100 in yesterdays
trading session as base metals witnessed some buying
on a weaker Dollar.
Wednesday, June 18, 2008
UPDATES ON JUNR 18 2008
JUNE 18 WEDNESDAY
SHORT TERM TREND : BEARISH : TARGET RS 77
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.10, S2 RS 78, S3 RS 76.40
R1 RS 81.20, R2 RS 82.40, R3 RS 84
PREFER SHORTS AT RS 80.80 TO 81.10
STOP LOSS RS 82.40
TARGET RS 79.10
Low Inventories to Support Metals Prices, Lehman's
Widmer Says .
Metal inventories are set to remain well below
historical averages this year following relatively
healthy demand and insufficient supply additions,
which should support prices, according to
Lehman Brothers Holdings Inc.
Zinc and lead inventories are expected to be around
3.07 weeks and 1.25 weeks of demand at the end of
the year, down from their long-term averages of
6.2 weeks and 3.82 weeks respectively according
to the report.
Zinc was trading at $ 1885 a tonne from $ 1880.
SHORT TERM TREND : BEARISH : TARGET RS 77
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.10, S2 RS 78, S3 RS 76.40
R1 RS 81.20, R2 RS 82.40, R3 RS 84
PREFER SHORTS AT RS 80.80 TO 81.10
STOP LOSS RS 82.40
TARGET RS 79.10
Low Inventories to Support Metals Prices, Lehman's
Widmer Says .
Metal inventories are set to remain well below
historical averages this year following relatively
healthy demand and insufficient supply additions,
which should support prices, according to
Lehman Brothers Holdings Inc.
Zinc and lead inventories are expected to be around
3.07 weeks and 1.25 weeks of demand at the end of
the year, down from their long-term averages of
6.2 weeks and 3.82 weeks respectively according
to the report.
Zinc was trading at $ 1885 a tonne from $ 1880.
Tuesday, June 17, 2008
UPDATES ON JUNE 17 TUESDAY
JUNE 17 TUESDAY
SHORT TERM TREND : BEARISH : TARGET RS 78
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.60, S2 RS 78.20, S3 RS 76.20
R1 RS 81.20, R2 RS 82.40, R3 RS 84
PREFER SHORTS AT RS 81.20 TO 81.30
STOP LOSS RS 82.40
TARGET RS 79.60
Zinc was steady at $ 1897 from $ 1900.
SHORT TERM TREND : BEARISH : TARGET RS 78
LONG TERM TREND : BEARISH : TARGET RS 68
S1 RS 79.60, S2 RS 78.20, S3 RS 76.20
R1 RS 81.20, R2 RS 82.40, R3 RS 84
PREFER SHORTS AT RS 81.20 TO 81.30
STOP LOSS RS 82.40
TARGET RS 79.60
Zinc was steady at $ 1897 from $ 1900.
Friday, June 13, 2008
UPDATES ON JUNE 13 FRIDAY
JUNE 13 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 78
LONG TERM TREND : BEARISH : TARGET RS 68
PREFER SHORTS AT RS 81.20 TO 81.40
STOP LOSS RS 82.60
TARGET RS 78.60
Zinc shed $ 5 to $ 1915/ 1925 .
SHORT TERM TREND : BEARISH : TARGET RS 78
LONG TERM TREND : BEARISH : TARGET RS 68
PREFER SHORTS AT RS 81.20 TO 81.40
STOP LOSS RS 82.60
TARGET RS 78.60
Zinc shed $ 5 to $ 1915/ 1925 .
Wednesday, June 11, 2008
UPDATES ON JUNE 11 2008
JUNE 11 WEDNESDAY
SHORT TERM TREND : BEARISH : TARGET RS 80.60
LONG TERM TREND : NBEARISH : TARGET RS 75
S1 RS 82, S2 RS 80.60 , S3 RS 79
R1 RS 84.20, S2 RS 85.60, S3 RS 87
PREFER SHORTD AT RS 83.50 TO 83.60
STOP LOSS RS 85
TARGET RS 81.60
Z inc was among the worst performers.The metal fell
to its lowest level since January 2006 and was last
at $ 1930 /1940 per tonne down $ 53 or 2.7 %.
SHORT TERM TREND : BEARISH : TARGET RS 80.60
LONG TERM TREND : NBEARISH : TARGET RS 75
S1 RS 82, S2 RS 80.60 , S3 RS 79
R1 RS 84.20, S2 RS 85.60, S3 RS 87
PREFER SHORTD AT RS 83.50 TO 83.60
STOP LOSS RS 85
TARGET RS 81.60
Z inc was among the worst performers.The metal fell
to its lowest level since January 2006 and was last
at $ 1930 /1940 per tonne down $ 53 or 2.7 %.
Tuesday, June 10, 2008
UPDATES ON JUNE 10 TUESDAY
JUNE 10 TUESDAY
SHORT TERM TREND : SIDEWAYS TARGET RS 83 TO 87.20
LONG TERM TREND :BEARISH : TARGET RS 82
zinc climbed $6, or 0.3 percent, to $1,976 a ton
SHORT TERM TREND : SIDEWAYS TARGET RS 83 TO 87.20
LONG TERM TREND :BEARISH : TARGET RS 82
zinc climbed $6, or 0.3 percent, to $1,976 a ton
Friday, June 6, 2008
UPDATES ON JUNE 6 2008
JUNE 6 FRIDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 83 TO 85.70
LONG TERM TREND : BEARISH : TARGET RS 82
MARKET IS EXPECTED TO MOVE SIDEWAYS.
SHORT TERM TREND : SIDEWAYS : TARGET RS 83 TO 85.70
LONG TERM TREND : BEARISH : TARGET RS 82
MARKET IS EXPECTED TO MOVE SIDEWAYS.
Thursday, June 5, 2008
UPDATES ON JUNE 5 2008
JUNE 8 THURSDAY
Most of the Base metal followed Copper and closed in the red
on wednesday.
Zinc rose $51, or 2.6 percent, to $1,990 a ton.
IMPORTANT SUPPORT AND RESISTENCE
S1 RS 84, S2 RS 82, S3 RS 81.70
R1 RS 86.30, R2 RS 86.60, R3 RS 88.60
SELL AROUND RS 85.50
STOP LOSS RS 86.25
TARGET RS 84.30, 85.15 , AND 82
Most of the Base metal followed Copper and closed in the red
on wednesday.
Zinc rose $51, or 2.6 percent, to $1,990 a ton.
IMPORTANT SUPPORT AND RESISTENCE
S1 RS 84, S2 RS 82, S3 RS 81.70
R1 RS 86.30, R2 RS 86.60, R3 RS 88.60
SELL AROUND RS 85.50
STOP LOSS RS 86.25
TARGET RS 84.30, 85.15 , AND 82
Tuesday, June 3, 2008
UPDATES ON 3 JUNE 2008
JUNE 2 TUESDAY
SHORT TERM TREND : BEARISH ; TARGET RS 81
LONG TERM TREND : BEARISH : TARGET RS 81
PREFER SHORTS AT RS 84.50 TO 84.60
STOP LOSS RS 86
TARGET RS 82.40
Zinc was up 1.2 % at $ 1993 a tonne.
SHORT TERM TREND : BEARISH ; TARGET RS 81
LONG TERM TREND : BEARISH : TARGET RS 81
PREFER SHORTS AT RS 84.50 TO 84.60
STOP LOSS RS 86
TARGET RS 82.40
Zinc was up 1.2 % at $ 1993 a tonne.
Monday, June 2, 2008
UODATES ON 2 JUNE 2008
JUNE 2 2008 MONDAY
SHORT TERM TREND : BEARISH : TARGET RS 82
LONG TERM TREND : BEARISH :TARGET RS 82
MARKET IS EXPECTED TO MOVE SIDEWAYS TO LOWER.
PREFER SHORTS AT RS 86.50 TO 86.70
STOP LOSS RS 88
TARGET RS 83.60.
SHORT TERM TREND : BEARISH : TARGET RS 82
LONG TERM TREND : BEARISH :TARGET RS 82
MARKET IS EXPECTED TO MOVE SIDEWAYS TO LOWER.
PREFER SHORTS AT RS 86.50 TO 86.70
STOP LOSS RS 88
TARGET RS 83.60.
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