MAY 30 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 80.40
LONG TERM TREND : BEARISH : TARGET RS 75
S1 RS 82, S2 RS 80.40, S3 RS 78.60
R1 RS 85, R2 RS 86.40, R3 RS 87.80
PRICES ARE TRADING AT OVER SOLD ZONE.
WAIT FOR RESISTENCE FOR FRESH ENTRIES.
Lead slipped to an intraday low of $1,930 per tonne, its weakest level since
May last year, before recovering slightly to trade at $1,945 against $2,028 per
tonne at the close on Wednesday.
Friday, May 30, 2008
Thursday, May 29, 2008
UPDATES ON 29 MAY 2008
MAY 29 THURSDAY
SHORT TERM TREND ; BEARISH : TARGET RS 83.60
LONG TERM TREND ; BEARISH ; TARGET RS 75.00
S1 RS 86.40 , S2 RS 84.75, S3 RS 83
R1 RS 88.40 , R2 RS 89.60, R3 RS 91.80
PREFER SHORT AT RS 88.30 TO 88.50
STOP LOSS RS 89.60
TARGET RS 85
Lead slipped to $ 2008 per tonne against $ 2055 per tonne at the close
of Tuesday.
SHORT TERM TREND ; BEARISH : TARGET RS 83.60
LONG TERM TREND ; BEARISH ; TARGET RS 75.00
S1 RS 86.40 , S2 RS 84.75, S3 RS 83
R1 RS 88.40 , R2 RS 89.60, R3 RS 91.80
PREFER SHORT AT RS 88.30 TO 88.50
STOP LOSS RS 89.60
TARGET RS 85
Lead slipped to $ 2008 per tonne against $ 2055 per tonne at the close
of Tuesday.
Wednesday, May 28, 2008
UPDATES
MAY 28 WEDNESDAY
SHORT TERM TREND BEARISH TARGET RS 85
LONG TERM TREND BEARISH TARGET RS 75
Market is expected to move sideways to lower.
Wait for fresh entries
SHORT TERM TREND BEARISH TARGET RS 85
LONG TERM TREND BEARISH TARGET RS 75
Market is expected to move sideways to lower.
Wait for fresh entries
Friday, May 23, 2008
UPDATES
MAY 23 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 82.
LONG TERM TREND : BEARISH :TARGET RS 75.
Prefer short at Rs 87.40 to Rs 87.50
Stop loss Rs 89.
Target Rs 86.
Lead closed $ 2010 on Thursday its lowest since May 2007.
SHORT TERM TREND : BEARISH : TARGET RS 82.
LONG TERM TREND : BEARISH :TARGET RS 75.
Prefer short at Rs 87.40 to Rs 87.50
Stop loss Rs 89.
Target Rs 86.
Lead closed $ 2010 on Thursday its lowest since May 2007.
Tuesday, May 20, 2008
LEAD UPDATES
MAY 20 TH TUESDAY
SHORT TERM : SIDEWAYS :TARGET RS 124 TO 126.40
LONG TERM : BULLISH : TARGET RS 138
Lead Declines to Lowest in a Year as Stockpiles Grow 42 Percent
Lead fell to the lowest in almost a year in London as a 42 percent increase in stockpiles in 2008 suggests supply will move into surplus this quarter, from a deficit previously.
Lead inventories monitored by the London Metal Exchange have swollen to 64,450 metric tons, the highest since Sept. 25, 2006. The market is moving into a surplus of 40,000 tons this quarter, from a shortfall in the first three months, according to Gayle Berry, an analyst at Barclays Capital in London.
Lead for delivery in three months lost as much as $96, or 4.3 percent, to $2,135 a ton, the lowest since May 25, 2007. It traded at $2,170 a ton as of 4:45 p.m. local time
SHORT TERM : SIDEWAYS :TARGET RS 124 TO 126.40
LONG TERM : BULLISH : TARGET RS 138
Lead Declines to Lowest in a Year as Stockpiles Grow 42 Percent
Lead fell to the lowest in almost a year in London as a 42 percent increase in stockpiles in 2008 suggests supply will move into surplus this quarter, from a deficit previously.
Lead inventories monitored by the London Metal Exchange have swollen to 64,450 metric tons, the highest since Sept. 25, 2006. The market is moving into a surplus of 40,000 tons this quarter, from a shortfall in the first three months, according to Gayle Berry, an analyst at Barclays Capital in London.
Lead for delivery in three months lost as much as $96, or 4.3 percent, to $2,135 a ton, the lowest since May 25, 2007. It traded at $2,170 a ton as of 4:45 p.m. local time
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