AUG 2 SATURDAY
SHORT TERM TREND : BEARISH: TARGET RS 91
LONG TERM TREND : BEARISH: TARGET RS 65
S1 RS 91.10, S2 RS 89.80, S3 RS 88.40
R1 RS 93.60, R2 RS 95, R3 RS 96.60
PREFER SHORT AT RS 93.60 TO 93.70
STOP LOSS RS 95
TARGET RS 91.50
Lead touched an intra-day low of $2,115 a tonne, down4.3 percent,
after a rise in LME stocks encouraged some investors to
book profits following strong gains over the past month.
Lead is up by 45 percent since the metal, mainly used in
batteries,touched this year's low at $1,531 on July 4.
Lead was last at $2,126 a tonne from $2,210 on Thursday.
Stocks at LME warehouses increased by 1,250 tonnes to
92,250,having fallen by almost 9 percent in July.
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