ZINC UPDATE

ZINC WAS A TOUCH EASIER AT $ 1795 FROM $ 1799 A TONNE

WHILE TIN FELL TO $ 20025 FROM $ 21150.

AUG 29 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 78, S2 RS 76.30

R1 RS 80.60 , R2 RS 82.30

SELL AT 80.40 TO 80.60

STOP LOSS RS 82.30

TARGET RS 78

Zinc mainly used to galvanise steel fell to

to $ 1810 from $ 1849 a tonne.

AUG 28 THURSDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 78.60 , S2 RS 77.20

R1 RS 83.60 , R2 RS 85.20

BUY ABOVE RS 81

STOP LOSS RS 78.40

TARGET RS 85.20

Zinc rose to $ 1799 from $ 1790 a tonne as stocks

of the metal used to galvanise steel declined

1300 tonnes to 161225 .

AUG 27 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

SUPPORT 1 RS 75.40, SUPPORT 2 RS 73.60

RESISTENCE 1 RS 78.80, RESISTENCE 2 RS 80.30.

MARKET IS EXPECTED TO MOVE SIDEWAYS

Zinc drops over 4 percent on oversupply, seen lower.

shed $40 to $1,790 per tonne after hitting a low

of $1,750 -- down 4.4 percent.

Traders are still bearish on Zinc.

Prices are likely to fall further to $ 1550.

$ 1600 can turn out to be a good cost support

level.

AUG 26 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78 , S2 RS 76.40

R1 RS 81 , R2 RS 83

MARKET IS EXPECTED TO MOVE SIDEWAYS.

AUG 23 SATURDAY

Zinc eased to $ 1835 down against $ 1880 on

Thursday when the metal rose around 5 %.

AUG 22 FRIDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 78.80 , S2 RS 77.20

R1 RS 81.60 , R2 RS 83.30

BUY AT RS 79 TO 78.80

STOP LOSS RS 77.20

TARGET RS 81.60

Zinc rose to $ 1755 / 1775 a tonne from $ 1750.

All base metals were higher on Thursday ,

although trading was expected to remain

volatile.

AUG 21 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 74 , S2 RS 72

R1 RS 77.30 , R2 RS 79.40

WAIT FOR CONFIRMATION

AUG 20 WEDNESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 74 , S2 RS 72

R1 RS 77.30, R2 RS 79.40

BUY AT 77.30 TO 77.40

STOP LOSS RS 73.20

TARGET RS 76.80

Zinc was at $ 1715 from $ 1660.

AUG 19 TUESDAY

SHORT TERM TREND :BEARISH

LONG TERM TREND : BEARISH

S1 RS 72.50 , S2 S 71

R1 RS 74.30, R2 RS 76

IF PRICES ARE UNABLE TO SUSTAIN ABOVE 74.30

PREFER SHORTS.

Zinc lost $ 20 to $ 1640 a tonne .

AUG 14 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 70 TO 73

LONG TERM TREND : BEARISH : TARGET RS 62.

S1 RS 70.10, S2 RS 68.60 , S3 RS 67.20

R1 RS 73 , R2 RS 74.50 , R3 RS 76

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Zinc gained $ 12 to $ 1630.

Metals were vulnerable with London Metal Exchange

Copper just offa 6 month low of $ 7120 a tonne

and Aluminum close to a 5 month trough of $ 2756

hit in the previous session.

AUG 13 WEDNESDAY

SHORT TERM TREND : BEARISH : TARGET RS 67.30

LONG TERM TREND : BEARISH : TARGET RS 62.

S1 RS 68.60, S2 RS 67.30 , S3 RS 65.80

R1 RS 70.60 , R2 RS 72 , R3 RS 73.40

PREFER SHORT AT RS 70.40 TO 70.60

STOP LOSS RS 72

TARGET RS 68.60.

Zinc lost 2 % as fundamentals for the metal

remained weak.

The metal was last at $ 1668/1668.50 per tonne ,

down $ 22 from Monday.

AUG 12 TUESDAY

SHORT TERM TREND : BEARISH : TARGET RS 67.30

LONG TERM TREND : BEARISH : TARGET RS 62

S1 RS 70.30, S2 RS 69, S3 RS 67.60

R1 RS 73.60, R2 RS 75, R3 RS 76.60

Zinc touched a 2-1/2-year low of $1,652, before ending at$1,690

from Friday's last bid at $1,685 .

AUG 11 MONDAY

Zinc was at a 2.5 year low of $ 1685 down from Thursdays

$ 1740.

Zinc could face pressure on reports that producers are

facing losses at current price levels.

In all the Base metals complex would be volatile this

season.

There could be still one key to revival of the commodities

counter. That is if the U.S comes out of its ailing economy

and if China shows the expected appetite for coal.crude

and metals even after the Olympics gets over.

AUG 8 FRIDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 73.30 TO 76.60

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 73.30, S2 RS 72, S3 RS 70.70

R1 RS 75.60, R2 RS 76.60, R3 RS 78

MARKET IS EXPECTED TO MOVE SIDEWAYS.

WAIT FOR FRESH ENTRIES.

Zinc was at $ 1770 from $ 1765 a ton .

AUG 6 WEDNESDAY

SHORT TERM TREND : BEARISH : TARGET RS 73.30

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 73.40, S2 RS 72, S3 RS 70.60

R1 RS 75,70, R2 RS 77, R3 RS 78.60

PREFER SHORT AT RS 75.60 TO 75.70

STOP LOSS RS 77

TARGET RS 73.40

Zinc extends losses with LME inventories rising.

Base metals ended steady to lower onTuesday, easing off

session lows after markets jittery about global demand

prospects pushed copper to a six-month low and zinc to

its lowest level in2-1/2-years.

Zinc slid to $1,746 a tonne on rising stocks in LME warehouse,

whichrose 2,500 tonnes to 161,825 -- the highest

since September 2006.

The increase in inventories is likely to pressure prices even

lower,Barclays Capital said in a research note.

Earlier the metal, mainly used to galvanize steel, hit a 2-1/2-year

low of$1,730 from $1,769 at the close on Monday.

AUG 5 TUESDAY

SHORT TERM TREND : BEARISH : TARGET RS 73.30

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 75, S2 RS 73.40, S3 RS 72

R1 RS 77.60, R2 RS 79, R3 RS 80.70

PREFER SHORT AT RS 77.40 TO 77.50

STOP LOSS RS 79

TARGET RS 75.30

Metals drift lower in consolidation mode.

A quite over night session for the Base metals

have set the tone for Mondays trading session with

prices drifting lower in consolidation mode and

little activity expected ahead of U.S data later.

Zinc was down 1 % to trade at % $ 1821 a tonne.

AUG 2 SATURDAY

SHORT TERM TREND : BEARISH : TARGET RS 79.60

LONG TERM TREND : BEARISH : TARGET RS 64

PREFER SHORTS AT RS 81.60 TO 81.70

STOP LOSS RS 83

TARGET RS 79.60

Zinc last traded at $1,840 a tonne from Thursday's lastbid at $1,915.

Metal prices shrugged off the rebound in oil, which

together with a firmer dollar had capped prices earlier

in the session as many index-based funds buy or sell

commodity baskets.

U.S. economic data paints bleak demand picture.

Oil rebounds to $126 a barrel, dollar nearly unchanged.

AUG 1 FRIDAY

SHORT TERM TREND : TARGET RS 80 TO 83.60

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 80.20, S2 RS 78 S3 RS 77

R1 RS 83.60, R2 RS 85.60, R3 RS 87

MARKET IS EXPECTED TO BE SIDEWAYS TO LOWER

PREFER TO BE ON THE SELLING SIDE

Zinx at 2 week high.

A change in china's tax laws for Zinc and

follow through strength from Wednesday are

pushing the Base metal higher on Thursday but

brokers say volatile condition means any gains

may be pared.

Industry participants seized on the long awaited news

that China has cancelled tax rebate on high grade refined

Zinx as an oppurtunity to push prices higher, with

the market jumping 6 % to a 2 week high amid

expectations of a reduced export from China.

But Zinc is already falling as the initial positioning

thins out, with the market erasing its earlier gain.

As of 1050 GMT London Metal Exchange Zinc

was trading at $ 1925 a tonne , 2.9 % up from

Wednesdays close.

With the market apparently extremely short,

this could be the trigger for a sharp move upwards

to $ 2000 a tonne or beyond says UBS A nalyst Mr john

Reade.





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