LME INVENTORY DATA FOR SEPT 30 TUESDAY

Zinc stocks were up 250 tonnes.

SEPT 30 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 78.60 , S2 RS 77.30

R1 RS 80.60 , R2 RS 82.20

STAY SHORT AT RESISTENCE

Three-month zinc closed at $1,693 a tonne, down $77..

Industrial metals ran intoadditional liquidation in

after-hours trade on Monday after a proposed $700

billion financial rescue package was rejected by U.S

lawmakers.

LME INVENTORY UPDATE FOR 29 SEPTEMBER

INVENTORY DOWN 1125 TONS

SEPT 29 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 81.60 , S2 RS 80.30

R1 RS 83.80 , R2 RS 85.20

There is further downside to Zinc prices.

UPDATE FOR 26 SEPTEMBER

Zinc was at $1,770, down from $1,800, and nickel

ended lowerat $17,000, from the last quote on

Thursday at $17,075/17,100.

SEPT 26 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 81.20 , S2 RS 79.70

R1 RS 83.40 , R2 RS 84.80

WAIT FOR CONFIRMATION.

Zinc was down $ 16 to $ 1774 / MT .

SEPT 25 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 314 , S2 RS 311

R1 RS 318.50 , R2 RS 323

WAIT FOR CONFIRMATION.

Zinc closed $20 firmer at $1,790.

Zinc has support at $ 1700 and Resistence at $ 1900.

zinc is still in a range of $ 1700 to $ 1900 range.

Zinc is still affected in a bullish manner by the other

base metals and notmoving forward fully on its

own strength.

Market alert on sept 24 wednesday

LME Zinc stocks are down 250 tonnes.

SEPT 24 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 79.40 S2 RS 77.80

R1 RS 82.30 , R2 RS 84

WAIT FOR CONFIRMATION.

Zinc dropped $70 to $1,770, after hitting a one-week high of

$1,850 in earlier trade.

It was knocked down in early trade.

Prices have nearly fallen 60 % from their highs.

Analyst feel from now on the down side may be

limited .The recent output cut announcements

suggest that the prices are near Zinc's marginal

cost of production.

Zinc has support $ 1700 and resistence at $ 1900.

The LME stocks are still high and it has to depend

on the copper rally to inch higher and will find

it difficult to move higher on its own.

SEPT 23 TUESDAY

SHRT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 82.30 , S2 RS 81.20

R1 RS 84 , R2 RS 86.40

TRADING CALL

BUY AT 82.30 TO 82.20

STOP LOSS RS 81.20

TARGET RS 84

Zinc closed up $82 at $1,840 from Friday, after hitting a

one-week high of $1,844.

Zinc support is at $ 1700 and resistence is at $ 1750.

Zinc is at $ 1835 , up $ 56 , but seems to be finding

support at $ 1700.It did not break down to test the

recent lows as copper did last week.It looks like it is

in consolidation phase.A spate of production cuts which

were announced are also helping the metal to stabilize.

SEPT 22 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND ; BEARISH

S1 RS 79 , S2 RS 77

R1 RS 81.60 , R2 RS 83

WAIT FOR CONFIRMATION.

Zinc market may have a further downside given

weak Chinese demad.

SEPT 19 FRIDAY

SHORT TERM TREND :SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 79 , S2 RS 77

R1 RS 81.60 , R2 RS 83

WAIT FOR CONFIRMATION.

Zinc gained $5, or 0.3 percent, to $1,725.

Market news

Shanghai Zinc stocks rise by 364 tonnes.

SEPT 18 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78 S2 RS 76

R1 RS 80.60 , R2 RS 83.

WAIT FOR CONFIRMATION.

The Base metal market stabilised in London Metal

Exchange pre market trade Tuesday after 2 days

of turmoil in the world financial markets.

Zinc was off $ 13 at $ 1715 /mt.

Zinc prices are likely to fall further as market

surplus widens.

China's zinc smelters, the largest in the world, may get paid

14 percent less next year to process metal as they compete for

shrinking raw material supplies.

TECHNICAL LEVELS FOR SEPTEMBER 17

ZINC MCX SEPTEMBER

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

SUPPORTS : S1 - RS.79.60, S2 - RS. 78

RESISTANCES : R1 - RS.82, R2 - RS.84

WAIT FOR CONFIRMATION

SEPT 16 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 80.20 , S2 RS 78.60

R1 RS 82.60 , R2 RS 84.

Zinc slipped 1 percent to $1,745.

Base metal prices were down across the board during

London Metal Exchange pre market trade Monday

as as markets digested news of 2 US Financial giants

with Lehman Brothers filing for bankruptcy and

Bank Of America agreeing to buy Merrill lynch.

Zinc is at $ 1750 .Analyst are waiting to see if

$ 1750 support gives way on a two day closing

basis and if so a test of $ 1600 lows could be next.

TECHNICAL LEVELS FOR 15 SEPTEMBER

ZINC MCX SEPTEMBER

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 - RS.85.3, S2 - RS.83.60

RESISTANCES ; R1 - RS. 88.20 , R2 - RS. 90.00

STAY LONG.

PRICE UPDATE AT LME ON FRIDAY, 12 SEPTEMBER

On Friday, at LME zinc traded at $ 1835, up from $1794

on thursday.

SEPT 12 FRIDAY
MCX ZINC SEPTEMBER

SHORT TERM TREND - BULLISH

LONGTERM TREND - BEARISH

SUPPORT 1- 80.10, SUPPORT 2 -78.60

RESISTANCE 1 - 82.4,RESISTANCE 2 - 84.3

STAY LONG

Zinc dropped $ 27 to $ 1750.

Support is at $ 1750 and Resistence is at $ 1950.

The $ 1750 support has still not given away on a two

day closing basis .

SEPT 10 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 77 , S2 RS 75.60

R1 RS 79, R2 RS 81.80

WAIT FOR CONFIRMATION.

Zinc touched a low of $ 1715 earlier - the lowest

since Aug 20 before trading at $ 1727 down

$ 43.

SEPT 9 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 77.20 , S2 RS 75.60

R1 RS 79.40 , R2 RS 80.70

WAIT FOR CONFIRMATION.

Zinc is at $ 1762 up $ 12 .

Prices are firmly within a downward trend.

For the time being it seems that $ 1750 support is

holding , but a break below this level could result in a

sharper sell off to the recent low of $ 1600.

SEPT 6 SATURDAY

Zinc prices likely to slide further on over supply.

With sliding zinc prices taking their toll on miners , they can

be forgiven for aski8ng when the market will turn upwards

- not any time soon , according to market experts.

The industry has seen mine closures and outpiy cuts as

energy , labour and equipmnt cost rise while zinc

prices drop.

The metal mainly used to galvanise steel , is one of the

worst performers in the metal complex this year.

In August it dropped to its lowest level since November

2005 and is now trading around $ 1745 a tonne down almost

25 % this year.

Zinc stocks at the LME have jumped 80 % this year to

160000 tonnes.

However some market watchers still expect a shift to a

deficit in 2010 as production cut spending and smaller

companies which generally operate zinc lead mines

struggle to find financing for new projects and to

gain environmental approvals.

Analyst expect the price to average $ 2073 a tonne

this year , $ 1900 in 2009 and jump to $ 3100 in 2010.

Cash zinc prices are forecast to average $ 2133 a tonne

in 2008 and fall to $ 2000 in 2009.

Weaker demand will also slow the reecovery

of zinc prices.

Signs are that demand in china , the world's biggest

consumer of the metal is beginning to slow strongly

and that the debate is whether internal demand will

slow as export markets for China also weaken.Consumption

is also falling in Europe as economies slow down.

SEPT 5 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78.60 , S2 RS 77

R1 RS 81.60 , R2 RS 83

WAIT FOR CONFIRMATION.

Zinc was at $ 1819 /1829 versus wednesdays



last quote of $ 1787 /1788.

SEPT 4 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78.60 , S2 RS 77.20

R1 RS 80.60 , R2 RS 82.30

WAIT FOR CONFIRMATION.

Zinc is expected to trade in the range of

Rs 78.50 to Rs 80.60 respectively.

SEPT 3 WEDNESDAY

LME zinc closed at $1,775 per tonne against $1,775/1,780

on Monday, when the metal, mainly used to galvanize steel,

eased 2.3 percent. It hit a low earlier in the day of $1,720,

its lowest price since August 20.

Investment bank Citi revised its copper, aluminum and

zinc price forecasts downwards on the back of expectations

of continued slowdown in global economic growth.

Citi forecast zinc prices to bottom at $70 per pound

($1,543 per tonne) in 2009.

SEPT 2 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 78 , S2 RS 76.30

R1 RS 80.60 , R2 RS 82.30

SELL AT RS 79.40 TO 79.50

STOP LOSS RS 80.70

TARGET RS 77

Zinc eased but Hurricane Gustav was seen as a potential

threat to LME warehouses, analysts said.

The stronger dollar is pulling commodities lower.

Volumes were low with the U.S. market shut for Labor Day.

Zinc has risen more than 10 percent since dipping to a 33-

month low in mid-August, but the metal mainly used to

galvanize steel is down by about 25 percent this year.

With almost 40 percent, or 61,000 tonnes, of world LME

zinc stocks in New Orleans, some traders feared a repeat of

Hurricane Katrina in September 2005, which cut off access

to about one-half of the available LME stock of zinc for months.

This location could trigger some short-covering if the LME

warehouses are flooded.

When Katrina struck, LME zinc was trading between $1,300 and

$1,400 a tonne. It doubled in price by May 2006.

Zinc was last quoted at $1,775/1,780 a tonne from $1,811 a tonne.