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Tuesday, July 15, 2008

UPDATES ON JULY 15 2008

JULY 15 TUESDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 83.50 TO 89

LONG TERM TREND : BEARISH: TARGET RS 65

S1 RS 83.60, S2 RS 82, S3 RS 80.40

R1 RS 87, R2 RS 89, R3 RS 91.60

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Lead soared in the morning hours but came off sharply

thereafter, winding up with a gain of only a half-cent,

at $0.8014/lb.

LME Lead inventories fell by 3 per cent to

95,775 tonnes.

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