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.