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.