NOV 6 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 193 , S2 RS 190.60

R1 RS 198 , R2 RS 202

STAY SHORT AT RESISTENCE.

Copper 9 % fall lead other metals lower.

Copper shed nearly 9 % to lead other industrial

metals lower on Wednesday as inventories rose

and a firmer dollar weighed after the US elections.

The dollar erased some of its earlier gains but

remained stronger after posting its biggest one

day slide in 13 years the previous day and as the

Democratic canditate Mr Barreack Obama won

the US Presidential elections.

Copper for three month delivery on the London

Mrtal Exchange fell to $ 4090 a tonne from $ 4350

at the close on Tuesday as compared with a session

low of $ 3970.

Poor demand for copper is mirrored by the continuous

jump in inventories.Stocks of the metal in

the LME registered warehouses jumped 5825 tonnes

on Wednesday bringing the total to 247475 tonnes.

The sticks have risen more than 35000 tonnes in the

last 2 weks alone.