JUNE 3 TUESDAY


SHORT TERM TREND : BEARISH : TARGET RS 330

LONG TERM TREND : BULLISH ; TARGET RS 370

S1 RS 33.20, S2 RS 330.40, S3 RS 328

R1 RS 338.40, R2 RS 340.50, R3 RS 342.60

PREFER INTRA DAY SHORT AT RS 338.40 TO 338

STOP LOSS RS 341

TARGET RS 33.50.

Copper fell on speculation slowing economic growth will damp demand

in the US and China ,the 2 biggest users of the metal.

Copper futures for June delivery fell 0.95 cent or 0.3 % to $ 3.5965

a pound on the Comex division of the New york Mercantile Exchange.

The metal has dropped 16 % from a record of $ 4.2605 on May 5 .

On the London Metal Exchange copper for dellivery in 3 months lost

$ 5 to $ 7930 a metric tonne.The metal has gained 19 % this year.