JULY 23 WEDNESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 344 TO 350.50

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 344, S2 RS 341, S3 RS 338

R1 RS 349.80, R2 RS 352, R3 RS 356

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Refined copper imports by China, the world's largest user,

declined for a second month in June as higher overseas prices

deterred buyers and demand from processors eased during

the summer slowdown. Imports fell to 75,707 tons, down

20 percent from the previous month, and 30 percent lower

from a year ago, according to customs data.

LME copper added $105, or 1.3 percent, to $8,228 a ton as

the dollar traded near a record low against the euro, boosting

the metal's appeal as an alternative asset.