OCT 10 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 252, S2 RS 244

R1 RS 255 , R2 RS 262

SELL AT RESISTENCE LEVELS.

Copper bounces but demand fears persist.

Industrial metals rebounded onThursday after this week's

sharp declines, but analysts remainedwary as a poorer

demand outlook persisted.

Copper for delivery in three months on the London MetalExchange

closed at $5,315 per tonne, up $75 from $5,240 pertonne

on Thursday. It rose as high as $5,429 per tonne.

U.S. stocks surrendered a 190-point gain after the openingbell

as investors remained nervous about credit conditions despite

Wednesday's coordinated rate cut by the central banks across

the globe.

Copper prices have tumbled more than 11 percent so far this

week, bringing losses to around 40 percent since early July,

when it touched a record high of $8,940 a tonne.