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Wednesday, May 21, 2008

UPDATES FOR 21 MAY

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.

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