JULY 10 THURSDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 351 TO 362

LONG TERM TREND: BULLISH: TARGET RS 405

S1 RS 353, S2 RS 351, S3 RS 348

R1 RS 359, R2 RS 362, R3 RS 365

MARKET IS EXPECTED TO MOVE SIDEWAYS

Copper Rises for First Time in Four Sessions on

Slumping Dollar .

Copper rose for the first time in four sessions as the

declining dollar spurred demand by investors seeking

a hedge against inflation.

The dollar fell the most in a week against the euro

and dropped against other major currencies. Copper

has surged 23 percent this year, partly as the U.S. currency

fell 7.2 percent against the euro.

Copper futures for September delivery gained 4.25 cents,

or 1.2 percent, to $3.739 a pound on the Comex division

of the New York Mercantile Exchange. The price

tumbled 9 percent in the previous three sessions.

Earlier, copper dropped as much as 1.5 percent after

inventories of the metal jumped the most in seven

weeks, easing supply concerns.

Stockpiles monitored by the London Metal Exchange

climbed 1.8 percent to 124,325 metric tons, the biggest

increase since May 21 and the highest level since May 30.

On the LME, copper for delivery in three months rose $10,

or 0.1 percent, to $8,210 a metric ton ($3.72 a pound).