DEC 5 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND: BEARISH

S1 RS 168.40 , S2 RS 165 , S3 RS 162.30

R1 RS 172.60 , R2 RS 175 , R3 RS 177.30

STAY SHORT AT RESISTENCE.

Base metals generally drifted lower on Thursday.

Copper prices at LME moved down by 3.07 % at

$ 3446 per tonne.

LME copper inventories decreased by 250 tonnes .

LME stocks are at a 5 year high.

Surprise decline in ISM non manufacturing data coupled

with unexpectedly high 250,000 job losses in November

reenforced the deepening recessionary fears in the

worlds largest economy.

Prices are likely to trade lower amid a stronger dollar

and weaker demand prospects.