TECHNICALS FOR NYMEX TRADING

JAN 30

MCX FEB ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 53, 51.60, 50

RESISTANCES ; 54.60, 56, 58

STAY SHORT AT RESISTANCES

MARKET ALERT

EXIT SELL POSITIONS IN ZINC!!!!!!!!

MARKET ALERT ON JAN 30 FRIDAY 11.15 AM IST

MCX Feb Zinc is expected to test Rs 53.20,

if it sustains below Rs 55.70.

Sell is advised below Rs 54.50.

TECHNICALS FOR JAN 30

MCX FEB ZINC

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 53.60, 52,51

RESISTANCES ; 55.60, 57, 59

WAIT FOR CONFIRMATION

TRADIONG LEVELS FOR EVENING NYM EX TRADE FOR JAN 29 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 53.60 ,. S2 RS 52 , S3 RS 51

R1 RS 55.60 , R2 R S57 , R3 RS 59

STAY SHORT AT RESISTANCE.

MARKET ALERT ON JAN 29 THURSDAY 4.40 PM IST

MCX Feb Zinc is expected to test Rs 52.40 ,

if it sustains below Rs 55.50.

Sell is advised around 54.30 levels.

JAN 29 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND: BEARISH

S1 RS 55.10 , S2 RS 52.60 , S3 RS 52

R1 RS 57.30 , R2 RS 59 , R3 RS 60.70.

Zinc stocks have more than tripled over the past year

to about 320,000 tonnes , they are still well below

the record of 800,000 tons reached on the LME in 2004.

Zinc producers have taken drastic steps to cut output .

At current prices 65 % mf zinc producers are operating

at break even or even at a loss.

Analyst say we could drift lower and briefly test the bottom

end of the trading range of $ 950 early in 2009.

MARKET ALERT ON JAN 28 WEDNESDAY 9.10 PM IST

MCX Feb Zinc is expected to test Rs 58.60,

if it sustains above Rs 56.

CMP Rs 57.

TECHNICALS FOR NYMEX TRADING JAN 28

MCX FEB ZINC

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 55.50, 53.90, 52.30

RESISTANCES ;57.45, 59.05, 60.75

WAIT FOR CONFIRMATION

JAN 28 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 54.10 , S2 RS 52.60 , S3 RS 51

R1 RS 57.30 , R2 RS 59 , R3 RS 60.70

STAY SHORT AT RESISTANCE.

zinc gained $32 to $1,193 a ton.

LME Stocks were up by 9000 tonns bringing

the days total to + 17000 tonnes.

It has support at $ 1120 and Resistance at $ 1300.

TECHNICALS FOR NYMEX TRADING JAN 27

MCX FEB ZINC

SHORT TERM; BULLISH

LONG TERM : BEARISH

SUPPORTS ; 57.80, 56.10, 55

RESISTANCES ; 59.30, 60.40, 63

STAY LONG AT SUPPORTS

MARKET ALERT AT10.15 AM JAN 27

MCX FEB ZINC CMP RS.59.15,IS

EXPECTED TO MOVE UP AND TEST RS.61`

LEVELS, CURRENT SUPPORTS SEEN AT RS.84.95.

TECHNICALSFOR JAN 27

MCX JAN ZINC

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 56.60, 55.60, 54

RESISTANCES : 58.60, 60.40, 63

STAY LONG AT SUPPORTS

MARKET ALERT ON JAN 23 FRIDAY 8.30 PM IST

MCX Jan Zinc is approaching target of Rs 55.60.

Low risk traders can book profit.

Others can hold for a further target Rs 56.50.

MARKET ALERT ON JAN 23 FRIDAY 6.30 PM IST

MCX Jan Zinc is expected to test Rs 56.60 ,

if it sustains above Rs 53.

CMP Rs 54.20.

TECHNICALS FOR NYMEX TRADING

JAN 23

MCX JAN ZINC

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 53, 51.50, 49.90

RESISTANCES ; 54.50, 56.30, 57.90

HOLD SHORTS

JAN 23 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BEARISH

S1 RS 53.10 , S2 RS 51.60 , S3 RS 50

R1 RS 56 , R2 RS 57.40 , R3 RS 59

STAY SHORT AT RESISTANCE.

zinc fell $50 to $1,100 a ton.

JAN 22 THURSDAY

TRADING LEVELS FOR EVENING TRADE IN NYMEX

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 54.60 , S2 RS 53 , S3 RS 51.60

R1 RS 56.60 , R2 RS 58 , R3 RS 60.60

MARKET ALERT ON JAN 2 THURSDAY

As forecasted earlier MCX Jan Zinc is now at Rs 55.

Low risk traders can book profit and high risk

traders can hold for a target of Rs 54.40 keeping

the cost as trailing stop loss.

Sell was advised at Rs 55.80 levels.

MARKET ALERT ON JAN 22 THURSDAY 1.10 PM IST

MCX Jan Zinc is expected to test Rs 54.40

if it sustains below Rs 56.90.

CMP Rs 55.80.

JAN 22 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 56.60 , S2 RS 55 , S3 RS 53.60

R1 RS 58.60 , R2 RS 60 , R3 RS 61.60

STAY SHORT AT RESISTANCE.

Zinc dropped as much as 9.2 percent to $1,135 a ton, the

biggest decline since Oct. 30. LME inventories climbed

4.3 percent to the highest since March 2006.

JAN 21 WEDNESDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58 , S2 RS 56.60 , S3 RS 55.30

R1 RS 59.60 , R2 RS 61 , R3 RS 62.30

JAN 21 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58.30 , S2 RS 57 , S3 RS 55.40

R1 RS 60.70 , R2 RS 62 , R3 RS 6.60

zinc fell 4.3 percent to $1,215 a ton.

Zinc prices are trading sideways .

Support is seen at Rs 59.50 in Jan MCX contract .

Resistence is seen at Rs 62.20 in MCX and buying will start

only after that level.

JAN 20 TUESDAY

TRADING LEVELS FOR EVENING TRADE IN NYMEX TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 58 , S2 RS 56.60 , S3 RS 55.10

R1 RS 60.70 , R2 RS 62 , R3 RS 63.60

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 .

JAN 19 MONDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 59.30 , S2 RS 58 , S3 RS 56.30

R1 RS 62 , R2 RS 63.60 , R3 R S65

JAN 19 MONDAY

SHORT TERM TREND : SIDEWAYS

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

Zinc is at $ 1280 up $ 17.

As per charts Analyst feel there could be further upside

fron current levels.

It has a strong support at $ 1120 and resistence

is seen at $ 1300.

TECJNICALS FOR NYMEX TRADING

MCX JAN ZINC

SHORT TERM : SIDEWAYS

LONG TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS ; 60.30, 59, 57

RESISTANCES ; 63, 64.60, 67

WAIT FOR CONFIRMATION

TECHNICALS FOR JAN 16

MCX JAN ZINC

SHORT TERM: BEARISH

LONG TERM : BEARISH

SUPPORTS :60.30, 59, 57

RESISTANCES :61.60, 63.60,65

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 60.30, 59, 57

RESISTANCES : 62.60, 64.60, 66

STAY SHORT AT RESISTANCES

TECNICALS FOR NYMEX TRADING

JAN 15

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS : 60.30, 59, 57

RESISTANCES : 62.60, 64.60, 66

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

JAN 14

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 60.60, 59, 57

RESISTANCES : 63.60, 65.60, 67

STAY SHORT AT RESISTANCES

TECHNICALS FOR JAN 14

MCX JAN ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 61.60, 60, 58.60

RESISTANCES ; 64.60, 66.60, 68

WAIT FOR CONFIRMATION

TECHNICALS FOR NYMEX TRADING JAN13

MCX JAN ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS ; 59, 57.60, 55.60

RESISTANCES ; 60.60, 61.60, 63

STAY SHORT AT RESISTANCES

MARKET TECHNICALS FOR JAN 13


MCX JAN ZINC

SHORT TERM ;BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 60.30, 59, 57.60

RESISTANCES :62.60, 63.60, 65

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

JAN 12

MCX JAN ZINC

SHORT TERM ; BEARISH

LONG TERM : BEARISH

SUPPORTS : 60.60, 59, 57.60

RESISTANCES ; 62.60, 63.60, 65

STAY SHORT AT RESISTANCES

JAN 12 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 61.60 , S2 RS 60 , S3 RS 58.60

R1 RS 63.60 , R2 RS 65 , R3 RS 67

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADING

JAN 9

SHORT TERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 58.60, 57, 55.40

RESISTANCES : 60.60, 61.60, 63

STAY SHORT AT RESISTANCE

TECHNICALS FOR JAN 9

MCX JAN ZINC

SHORT TDERM ; BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 58.60, 57, 55.40

RESISTANCES ; 61, 62.60, 64

STAY SHORT AT RESISTANCES

TECHNICALS FOR NYMEX TRADING

JAN 8

MCX JAN ZINC

SHORT TERM : BEARISH

LONG TERM ; BEARISH

SUPPORTS ; 61, 59.60, 58

RESISTANCES ; 63, 64.60, 66

STAY SHORT AT RESISTANCES

JAN 8 THURSDAY

SHORT TERM TREND : BEARISH\

LONG TERM TREND : BULLISH

S1 RS 61 , S2 RS 59.60 , S3 RS 58

R1 RS 63 , R2 RS 64.60 , R3 RS 66

STAY SHORT AT RESISTENCE.

Zinc was $35 lower at $1,285 a ton.

zINC HAS SUPPORT AT $ 1051 and resistence at

$ 1300.

Analyst feel if it closes above $ 1300 there

could be a break out in the charts.

News of more cutbacks could follow.

TECHNICALS FOR NYMEX TRADING

JAN 7

MCX JAN ZINC

SHORT TERM ; SIDEWAYS

LONG TERM ; BULLISH

SUPPORTS ; 62.60, 61, 59.60

RESISTANCES : 65, 66.70, 69

WAIT FOR CONFIRMATION

MARKET ALERTAT 11 AM JAN 7

MCX JAN ZINC EXPECTED TO TEST RS.66.30 LEVELS

CURRENT SUPPORT SEEN AT RS.63.70.

TECHNICALS FOR JAN 7

MCX JAN ZINC

SHORT TERM ; BULLISH

LONG TERM : BULLISH

SUPPORT; 62.50, 61,59.60

RESISTANCES : 65, 66.70, 69

STAY LONG AT SUPPORTS

TECHNICALS FOR NYMEX TRADING

JAN 6

MCX JAN ZINC

SHORT TERM ; BULLISH

LONG TERM : BULLISH

SUPPORTS : 63.60, 61.60, 60

RESISTANCES ; 65.30, 66.80, 68

STAY LONG AT SUPPORTS

MARKET ALERT AT 4 PM JAN 6

MCX JAN ZINC CMP RS. 64.2 IS EXPECTED TO

TEST RS.66, CURRENT SUPPORT SEEN AT RS.63.30.

JAN 6 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TEEND : BULLISH

S1 RS 61.10 , S2 RS 60 , S3 RS 58.60

R1 RS 63.70 , R2 RS 65 , R3 RS 66.80

WAIT FOR CONFIRMATION.

MARKET ALERT AT 5.30 PM JAN 5

MCX ZINC CMP RS.61.75 IS EXPECTED TO TEST

RS.60.60 LEVELS , RESISTANCE IS NOW SEEN

AT RS.62.60.

TECHNICALS FOR NYMEX TRADING

JAN 5

MCX JAN ZINC

SHORT TERM ; SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ; 61.40, 60, 58.60

RESISTANCES ; 63, 65, 66.80

WAIT FOR CONFIRMATION

JAN 5 MONDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BULLISH

S1 RS 60.40 , S2 RS 59 , S3 RS 57.60

R1 RS 63 , R2 RS 65 , R3 RS 66.80

STAY LONG AT SUPPORT.


Copper and zinc futures jumped by the daily limit in

Shanghai, tracking moves in London, on speculation

index funds will buy more industrial metals this month

to reflect annual re-weightings of the benchmarks they

follow.

Zinc in Shanghai also surged the 6 percent daily limit to

10,550 yuan a ton.

TECHNICALS FOR NYMEX TRADING

MCX JAN ZINC

JAN 2

SHORT TERM ; BULLISH

LONG TERM : BULLISH

SUPPORTS ;59.20, 58, 56

RESISTANCES ; 61.60, 63.60, 65

STAY LONG AT SUPPORTS

DEC 2 FRIDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 58.60, 57, 55

R1 RS 60.60, 61.80, 63.30

STAY LONGAT SUPPORTS

Zinc rose $34 to $1,184 a ton.

TECHNICALS FOR EVENING TRADE

JAN 1 2009

MCX JAN ZINC

SHORT TERM : BULLISH

LONG TERM ; BEARISH

SUPPORTS : 58.60, 57, 55

RESISTANCES ; 60.60, 61.80, 63.30

STAY LONG AT SUPPORTS

TECHNICALS FOR JAN 1 2009

MCX JAN ZINC

SHORT TERM : BULLISH

LONG TERM ; BEARISH

SUPPORTS : 57.60, 55 , 54

RESISTANCES : 59.30, 61.80, 63.30

STAY LONG AT SUPPORTS