AUG 2 SATURDAY

SHORT TERM TREND : BEARISH : TARGET RS 335

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 338, S2 RS 335, S3 RS 333

R1 RS 340, R2 342, R3 345

PREFER SHORT AT RESISTENCE IF PRICES ARE UNABLE TO

SUSTAIN ABOVE RS 342.

Copper slides 2 pct on weak U.S. economic data.

Copper prices fell 2 percent onFriday as a flurry of

economic data from the United States stillpointed to a

severe slowdown and investors worried about metals

demand.

Metal prices shrugged off the rebound in oil, which together

with a firmer dollar had capped prices earlier in the session as

many index-based funds buy or sell commodity baskets.

London Metal Exchange copper often seen as a keygauge for real

economic activity -- closed at $7,900 a tonne from$8,060 at

Thursday's close.

Copper for September delivery slipped 8.30 cents toclose at

$3.5785 a lb on the the New York Mercantile Exchange's

COMEX division.

The U.S. unemployment rate climbed to 5.7 percent in July, its

highest in more than four years as employers cut payrolls for

a seventh month in a row, though less severely than predicted,

according to a government report.