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.