DEC 1 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 188 , S2 RS 186.30 , S3 RS 182

R1 RS 191 , R2 RS 195.60 , R3 RS 199

This complex has borne the brunt of the global

economic slow down.

Contraction in liquidity and sharp decline in demand

and rising inventories have taken a toll on market

prices.

There has been an aggresive short selling in this

complex .There have been short selling too but these

are unlikely to sustain given the over all gloomy

outlook.

Copper is lekely to witness range bound trading

around a declining trend over the next few weeks.

Buying in the lows of $ 3000 and selling in thre highs

of $ 3000 is advisable.