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Tuesday, January 20, 2009

UPDATES ON JAN 20 2009

JAN 20 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 59.30 , S2 RS 58 , S3 RS 56.30

R1 RS 62 , R2 RS 63.60 , R3 RS 65

BUY ON DIPS FOR INTRA DAY.


Zinc added 1.2 percent to $1,266.5.

Zinc prices are trading sideways.

Zinc has crucial support in the MCX at Rs 60 in the jan

contract.

If Zinc prices are able to break Rs 62.20 in MCX Jan contract

there is further upside up to Rs 63.70 .

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