MAY 30 FRIDAY


SHORT TERM TREND ; BEARISH : TARGET RS 328

LONG TERM TREND :BULLISH ; TARGET RS 370


S1 RS 332.60, S2 RS 330, S3 RS 328


R1 RS 337.40,R2 RS 339., R3 RS 341.60


PRICES ARE TRADING AT OVER SOLD ZONE .WAIT

FOR RESISTENCE FOR FRESH SHORTS.

The base metals were lower in midday trade, with nickel, lead and zinc

slipping sharply as stockpiles rose, and copper dipping below $8,000 a tonne

for the first time since mid-March, as the market eyed the outlook for global

demand and rising stockpiles.


Inventories of the red metal monitored by the London Metal Exchange climbed for

a second day,


and traders say they are expecting that an increase of around 7,000 tonnes in

Shanghai stocks


will be reported on Friday.


At 12:51 p.m., London Metal Exchange copper for three-month delivery was


trading at $7,978


per tonne against $8,096 per tonne at the close on Wednesday.

MAY 29 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 345 TO 352

LONG TERM TREND : BULLISH :TARGET RS 370

S1 RS 345.40, S2 RS 343 , S3 RS 339

R1 RS 349.60,R2 RS 352, R3 RS 355


MARKET IS EXPECTED TO MOVE SIDEWAYS.


Copper drops following steep rise in LME stockpiles

Copper fell in early London trade on Wednesday, following a further steep

rise in stockpiles of the red metal, and a firmer tone in the dollar.

At 10:09 a.m., London Metal Exchange copper for three-month delivery was

trading at $8,100 per tonne against $8,190 per tonne at the close on Tuesday.

Stockpiles of the red metal monitored by the LME rose by 1,400 tonnes to


stand at 125,800 tonnes in today's report from the exchange, raising fears of


lower demand from key consumers.

MAY 28 WEDNESDAY

SHORT TERM TREND SIDEWAYS TARGET RS 346 TO 354

LONG TERM TREND BULLISH TARGET RS 370


Copper rose as investors hunted bargains after last week's losses, amid

expectations supply of the metal will remain tight this year, though nickel

nosedived, sliding by over $1,000 a tonne at its lowest point.


A dip in copper inventories monitored by the London Metal Exchange lent some

support to the red metal. LME copper stocks fell 975 tonnes this morning to

124,400 tonnes, the exchange said.


At 1:26 p.m., LME copper for three-month delivery was trading at $8,220 per

tonne against $8,180 per tonne at the close Friday.

MAY 23 FRIDAY

SHORT TER48.50M TREND : BEARISH :TARGET RS 341

LONG TERM TREND : BULLISH : TARGET RS 370

Prefer short at Rs 348 to Rs 348.50 stop loss Rs 352 Target Rs 342.20

Copper future pared early gaing to close down on Thursday after a rebound

in the Dollar led to a broad based sell off in the Metals complex.Trade Data

showed Chinese import of refined copper sank 31 % in April from year ago

levels.China imported 127,977 Tonnes of refined Copper in April.

LME Copper have increased by 10 % since the begining of May leding to

some concerns over the demand of the metal.

MAY 22 THURSDAY


SHORT TERM TREND : SIDEWAYS : TARGET RS 348 TO 353

LONG TERM TREND : BULLISH ; TARGET RS 370

S1 RS 350 , S2 RS 347 , S3 RS 345.90

R1 RS 354.10, R2 RS 355.20. R3 RS 358.20

PIVOT RS 351.10


Copper futures closed a percent down to $ 8240 FROM A HIGH OF $ 8330.

The fall in Copper was due to 2300 Tonne rise in LME inventory level.

MAY 21 WEDNESDAY

SHORT TERM SIDEWAYS TARGET RS 348 TO 354

LONG TERM BULLISH TARGET RS 370


S1 RS 348.10 S2 RS 344.90 S3 RS 342.1-

R1 RS 354.20 R2 RS 357 R3 RS 360.20

PIVOT RS 350.90

Copper future edged higher covering back some of the losses

it posted yesterday after a large rise in LME monitored stocks

of the red metal as the dollar weakened against the Euro

following stronger than expected European data.

MAY 20 TH TUESDAY

SHORT TERM TREND:SIDEWAYS:TARGET RS 349 TO 354

LONG TERM : BULLISH :TARGET :RS 370

S:SUPPORT R:RESISTENCE

S1 RS348.40 , S2 RS 345 S3 RS 342

R1 RS 354, R2 RS 358 R3 RS 361


Copper steadied midafternoon after spending much of the day in the red as a sharp rally in oil prices boosted sentiment towards commodities as a whole, and as the
dollar weakened further, making the metal cheaper for holders of other currencies.

The red metal has languished for most of today as investors worried about slowing Chinese demand. Prices moved a touch higher in later trade but were unable to gain much traction as sentiment remains muted, analysts said


At 3:30 p.m., London Metal Exchange copper for three-month delivery was trading at $8,315 per tonne against $8,320 per tonne at the close on Monday.