TCHNICALS FOR NYMEX TRADING

DECEMBER 31

MCX JAN ZINC

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 55.60, 54, 53

RESISTANCES ; 57.60, 59.80, 61.30

WAIT FOR CONFIRMATION

DEC 31 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 54 , S2 RS 53 , S3 RS 51.40

R1 RS 57 , R2 RS 58.60 , R3 RS 60.30

WAIT FOR CONFIRMATION.

Zinc declined $11 to $1,125 a ton, taking this year’s

drop to 53 percent.

Zinc’s outlook “remains bleak” for the next 12 months.

With all the major zinc consuming industries like car

manufacturing and construction suffering the worst

decline in many decades, zinc prices are unlikely to

show much vigor until the second half of 2009, if

not 2010 .

TECHNICALS FOR NYMEX TRADING

MCX JAN ZINC

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS : 54, 53, 51.40

RESISTANCES ; 57, 58.6, 60.30

WAIT FOR CONFIRMATION

TECHNICALS FOR DECEMBER 30

MCX JAN ZINC

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS : 54.30, 53, 51.40

RESISTANCES ; 57, 58.60, 60.30

WAIT FOR CONFIRMATION

DEC 29MONDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 54.30 , S2 RS 53 , S3 RS 51.40

R1 RS 57 , R2 RS 58.60 . R3 RS 60.30.

WAIT FOR CONFIRMATION.

DEC 29 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 54.30 , S2 RS 53 , S3 RS 51.40

R1 RS 58 , R2 RS 59.60 , R3 RS 61

STAY SHORT AT RESISTENCE.

Zinc stockpiles tracked by the London Metal Exchange rose

8.1 percent to the highest level since May 2006.

Zinc inventories jumped 18,900 metric tons to

253,625 tonnes.

TECHNICALS FOR EVENING TRADE

DECEMBER 26

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 54.30, 53, 51.40

RESISTANCES : 56.70, 58, 59.40

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 26

MCX JANUARY ZINC

SHORT TERM ;BEARISH

LONG TERM : BEARISH

SUPPORTS ; 55.30, 54,52.40

STAY SHORT AT RESISTANCES

UPDATE AT 5.45 PM IST DEC24

MCX JAN ZINC ; CURRENTLY TRADING AT 55.35;

EXPECTED TO TEST 54.60 AND 53.80. RESISTANCE

IS NOW SEEN AT 56.40.

TECHNICALS FOR NYMEX TRADING

DECEMBER 24

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 54.30, 53, 51.40

RESISTANCES ; 57.10, 58.60, 60

STAY SHORT AT RESISTANCES

TECHNICALS FOR

DECEMBER 24

MCX JANUARY ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 55, 53.60, 52

RESISTANCES : 57.60, 59, 61

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

DECEMBER 23

MCX DECEMBER ZINC

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 55.60, 53.80,52.40

RESISTANCES ; 57.60, 59, 61

WAIT FOR CONFIRMATION

TECHNICALS FOR DECEMBER 23

MCX DECEMBER ZINC

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 54.30, 52.80,51.40

RESISTANCES ; 56.60, 58, 59.60

WAIT FOR CONFIRMATION.

Zinc futures rose to the highest in more

than three weeks on speculation that Chinese government

may buy the metal soon to boost strategic reserves and

to help producers amid economic slowdown.

Zinc for March delivery rose as much as 0.8 percent to

9,780 yuan ($1,427) a ton. It jumped the daily limit

yesterday to 9,785 yuan, the most since Dec. 27.

The metal dropped 1.3 percent to $1,165 on the London

Metal Exchange at 10:38 a.m. Shanghai time, bring this

year’s plunge to 51 percent.

TECHNICALS FOR NYMEX TRADING

DECEMBER 22

MCX DECEMBER ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 52.30, 51, 49

RESISTANCES ; 55.20, 5660, 58

STAY SHORT AT RESISTANCES

DEC 22 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 52.30 , S2 RS 51 , S3 49

R1 RS 54.60 , R2 RS 56.60 , R3 RS 58

STAY SHORT AT RESISTENCE.

TECHNICALS FOR NYMEX TRADING

DECEMBER 19

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 51.60, 50.30, 49

RESISTANCES ; 53.30, 55, 56.60

WAIT FOR CONFIRMATION

Traders are requested to operate with very

strict stop loss as markets are bordering on

over sold position as base metals and short covering

rally could set in any time due to christmas

vacations commencing early next week.

DEC 19 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BEARISH

S1 RS 50.20 , S2 RS 48.60 , S3 RS 47

R1 RS 51.80 , R2 RS 53 , R3 RS 54.60

STAY SHORT AT RESISTENCE.

Zinc was at $ 1102 from $ 1100

TECHNICALS FOR DECEMBER 18

FOR NYMEX TRADING

MCX DECEMBER ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 50.60, 49.30, 47.60

RESISTANCES : 53, 54.60,, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 18

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 50.60, 49.30, 47.60

RESISTANCES ;53, 54.60, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

DECEMBER 17

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 50.60, 49.10, 47.40

RESISTANCES : 52.60, 54.60, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 17

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 50.60, 49.10, 47.40

RESISTANCES : 52.60, 54.60, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

DECEMBER 16

MCX DECEMBER ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 51, 49.60, 48

RESISTANCES : 52.60, 54.60, 56

STAY SHORT AT RESISTANCS

TECHNICALS FOR DECEMBER 16

MCX DECEMBER ZINC

SHORT TERM:BEARISH

LONG TERM : BEARISH

SUPPORTS : 51.20, 49.60, 48

RESISTANCES :53.20, 54.60, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

DECEMBER 15

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 51.60, 49.10, 47.80

RESISTANCES ;53.20, 54.60, 56

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 15

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS : 50.60, 49.10,, 47.80

RESISTANCES : 53, 54.60, 56

WAIT FOR CONFIRMATION

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 12

MCX DECEMBER ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 51.10, 50.40, 48.80

RESISTANCES : 52.60, 54, 56.80

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 12

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 52.10, 50.40, 48.80

RESISTANCES : 54.60, 56, 58.80

STAY SHORT AT RESISTANCES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 11

MCX DECEMBER ZINC

SHORT TERM : SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS : 52.80, 51, 50

RESISTANCES ; 54.60, 56, 58.80

WAIT FOR CONFIRMATION

TECHNICALS FOR DECEMBER 11

MCX DECEMBER ZINC

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 53.70, 52, 51

RESISTAANCES : 56.30, 58, 59.80

WAIT FOR CONFIRMATION

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 10

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 54, 52, 51

RESISTANCES : 55.60, 57, 59.80

STAY SHORT AT RESISTANCES

DEC 10 WEDENESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 54 , S2 RS 52 , S3 RS 51

R1 RS 55.60 , R2 RS 57 , R3 RS 59.80

STAY SHORT AT RESISTENCE.

Industrial metals continue to remain under pressure

on the back of weakening economy especially the US .

How ever on Monday Mr Obama's infrastructure spending

plan and hopes that a US Government stimulus package

would help soften the impact of a recession supported

base metal prices.

Young Poong plans to cut zinc production by 10 %

starting from Monday because of falling demand and

weak prices.

Zinc has support at $ 1051 and resistence at $ 1250.

TECHNICAL LEVELS FOR DECEMBER 9

FOR NYMEX TRADING

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : RS 53.60 , S2 RS 52.30 , S3 RS 51

RESISTENCE : R1 RS 56.30 , R2 RS 58 , R3 RS 59.80

STAY SHORT AT RESISTENCE.

DEC 8 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 54.60 , S2 SR 53 , S3 RS 51.60

R1 RS 56.60 , R2 RS 58 , R3 RS 59.60

STAY SHORT AT RESISTENCE.

DEC 8 MONDAY

SHORT ERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 52.40 , S2 RS 51 , S3 RS 49.80

R1 RS 55.60 , R2 RS 57 , R3 RS 59

STAY SHORT AT RESISTENCE.

DEC 6 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 56.10 , S2 RS 54.60 , S3 RS

R1 RS 59 , R2 RS 60.60 , R3 RS 63

STAY SHORT AT RESISTENCE.

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.

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 4

MCX DECEMBER ZINC

SHORT TERM : 3BEARISH

LONG TERM : BEARISH

SUPPORTS : 56.60, 54.80, 52.40

RESISTANCES : 59,, 60.60, 63

STAY SHORT AT RESISTANCES

TECHNICALS FOR DECEMBER 4

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 56.30, 54.80, 53.40

RESISTANCES: 59, 60.60, 63

STAY SHORT AT RESISTANCES

TECHNICL LEVELS FOR NYMEX TRADING

DECEMBER 3

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 58, 56.60, 55

RESISTANCES : 59.60, 61.60, 63.30

STAY SHORT AT RESISTANCES

DEC 3 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 57.60 , S2 RS 56, S3 RS 54.50

R1 RS 60.20 , R2 RS 61.60, R3 RS 63.30

STAY SHORT AT RESISTENCE.

Zinc is at $ 1167 .

It has support at $ 1090 and resistence at $ 1300.

A labour dispute at Shenzen Zhongjin Lingnan Nonfemet

China's third largest Zinc producer has been resolved

and has not affected output company officials said..

TECHNICAL LEVELS FOR DECEMBER 2

NYMEX TRADING

MCX DECEMBER ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 59, 57.60, 56

RESISTANCES : 60.60, 61.60, 63.30

STAY SHORT AT RESISTANCES

DEC 2 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 59.10 , S2 RS 57.70 , S3 RS 56.20

R1 RS 61.60 , R2 RS 63 , R3 RS 65

STAY SHORT AT RESISTENCE.

Zinc declined $30 to $1,180 a ton.

Base metals have declined sharply on the back of

financial uncertainity across the globe.

The US dollar has also affected prices and have continued

to play a critical role in determining base metal prices.

Immediete support is seen at Rs 59.50 in the MCX December

contract and crucial suport is seen at Rs 58.10 levels.

Short term resisence is seen at Rs 61.50 whereas major

resistence is seen at Rs 63.55.

Zinc production is forecasted to increase by 3.9 % this year.

Current prices stay below $ 1200 level but if supplies

and stocks gain the prices may lose further but in a slower

pace.

TECHNICAL LEVELS FOR NYMEX TRADING ON

DECEMBER 1

MCX DECEMBER ZINC

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 60,, 59,, 57

RESISTANCES : 62.30, 65.60, 68

WAIT FOR CONFIRMATION

DEC 1 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 60 , S2 RS 59 , S3 RS 57

R1 RS 61.60 , R2 RS 63.30 , R3 RS 65

This complex has borne the brunt of global

economic slow down . Contraction in liquidity and sharp

decline in demand and rising inventories have taken a toll on

market prices.

Producers are cutting output in Zinc but the quantum

of cuts is unlikely to arrest the downside risk.

More cuts may be resorted to.