JULY 4 FRIDAY
SHORT TERM TREND : SIDEWAYS: TARGET RS 67 TO 71
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 68, S2 RS 67, S3 RS 66
R1 RS 70.60, R2 RS 71.80, R3 RS 73
DUE TO THE ABSENCE OF INTERNETIONAL MARKET
TRADE IS EXPECTED TO BE RANGE BOUND.
LME Lead stocks rose by 25 tonnes to 100,500
and have more than doubled since January.
LME Lead fell nearly 5 % to a near 5 month low
of $ 1625 a tonne as investors worried about
over supply in the market and was at $ 1640/1660
a tonne versus $ 1705 on Wednesday.
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