JUNE 26 THURSDAY
SHORT TERM TREND : BEARISH : TARGET RS 75.40
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 76.70, S2 RS 75.40, S3 RS 74
R1 RS 78.60, R2 RS 80, R3 RS 81.30
PREFER SHORTS AT RS 78.40 TO 78.60
STOP LOSS RS 79.60
TARGET RS 75.40
Lead remain in the doldrums with rising stock
and increased supply weighing on sentiment.
Lead was down 3.3 % at $ 1803 per tonne.
Thursday, June 26, 2008
Wednesday, June 25, 2008
UPDATES ON JUNE 25 2008
JUNE 25 THURSDAY
SHORT TERM TREND : BEARISH : TARGET RS 75.40
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 76.80, S2 RS 75.40, S3 RS 74
R1 RS 78.60, R2 RS 80, R3 RS 81.30
PREFER SHORTS AT RS 78.60 TO 78.70
STOP LOSS RS 80
TARGET RS 76.80
Lead was down $ 45 at $ 1820/ 1840 per tonne.
SHORT TERM TREND : BEARISH : TARGET RS 75.40
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 76.80, S2 RS 75.40, S3 RS 74
R1 RS 78.60, R2 RS 80, R3 RS 81.30
PREFER SHORTS AT RS 78.60 TO 78.70
STOP LOSS RS 80
TARGET RS 76.80
Lead was down $ 45 at $ 1820/ 1840 per tonne.
Tuesday, June 24, 2008
UPDATES ON JUNE 24 2008
JUNE 24 TUESDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 78 TO 85.60
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78, S2 RS 76, S3 RS 74.60
R1 RS 81.20, R2 RS 82.60, R3 RS 84
MARKET IS EXPECTED TO MOVE SIDEWAYS
WAIT FOR FRESH ENTRIES
Onthe LME Lead slipped to trade at $ 1838 from $ 1880.
SHORT TERM TREND : SIDEWAYS : TARGET RS 78 TO 85.60
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78, S2 RS 76, S3 RS 74.60
R1 RS 81.20, R2 RS 82.60, R3 RS 84
MARKET IS EXPECTED TO MOVE SIDEWAYS
WAIT FOR FRESH ENTRIES
Onthe LME Lead slipped to trade at $ 1838 from $ 1880.
Saturday, June 21, 2008
UPDATES ON JUNE 21 2008
JUNE 21 SATURDAY
SHORT TERM TREND : BEARISH : TARGET RS 76
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78.40,S2 RS 76,S3 RS 74.60
R1 RS 80.80, R2 RS 81.80, R3 RS 83.60
MARKET IS EXPECTED TO MOVE SIDEWAYS
Lead was at $ 1879 from $ 1811.
SHORT TERM TREND : BEARISH : TARGET RS 76
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78.40,S2 RS 76,S3 RS 74.60
R1 RS 80.80, R2 RS 81.80, R3 RS 83.60
MARKET IS EXPECTED TO MOVE SIDEWAYS
Lead was at $ 1879 from $ 1811.
Thursday, June 19, 2008
UPDATES ON JUNE 19 2008
JUNE 19 THURSDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 78.40 TO 82.60\
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 79.40, S2 RS 78, S3 RS 76.40
R1 RS 82, R2 RS 83.60, R3 RS 85
MARKEY IS EXPECTED TO MOVE SIDEWAYS.
LME Lead rose $ 45 to $ 1905/1925 a tonne.
SHORT TERM TREND : SIDEWAYS : TARGET RS 78.40 TO 82.60\
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 79.40, S2 RS 78, S3 RS 76.40
R1 RS 82, R2 RS 83.60, R3 RS 85
MARKEY IS EXPECTED TO MOVE SIDEWAYS.
LME Lead rose $ 45 to $ 1905/1925 a tonne.
Wednesday, June 18, 2008
UPDATES ON JUNE 18 2008
JUNE 18 WEDNESDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 78.50 TO 82.50
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78.60, S2 RS 77.50 , S3 RS 76
R1 RS 81,20, R2 RS 82.60, R3 RS 84
PREFER INTRADAY LONG AT 78.60 TO 78.50
STOP LOSS RS 77.60
TARGET RS 81.20
Lead was trading at $ 1850 a tonne from $ 1861 .
Metal inventories are set to remain well below
historical averages this year following relatively
healthy demand and insufficient supply additions,
which should support prices, according to Lehman
Brothers Holdings Inc.
Zinc and lead inventories are expected to be around
3.07 weeks and 1.25 weeks of demand at the end of the
year, down from their long-term averages of 6.2 weeks
and 3.82 weeks respectively, according to the report.
SHORT TERM TREND : SIDEWAYS : TARGET RS 78.50 TO 82.50
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 78.60, S2 RS 77.50 , S3 RS 76
R1 RS 81,20, R2 RS 82.60, R3 RS 84
PREFER INTRADAY LONG AT 78.60 TO 78.50
STOP LOSS RS 77.60
TARGET RS 81.20
Lead was trading at $ 1850 a tonne from $ 1861 .
Metal inventories are set to remain well below
historical averages this year following relatively
healthy demand and insufficient supply additions,
which should support prices, according to Lehman
Brothers Holdings Inc.
Zinc and lead inventories are expected to be around
3.07 weeks and 1.25 weeks of demand at the end of the
year, down from their long-term averages of 6.2 weeks
and 3.82 weeks respectively, according to the report.
Tuesday, June 17, 2008
UPDATES ON JUNE 17 2008
JUNE 17 TUESDAY
SHORT TERM TREND : BEARISH : TARGET RS 74
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 75.60, S2 RS 74, S3 RS 72.60
R1 RS 77.80, R2 RS 79,R3 RS 80.60
PREFER SHORTS AT RS 77.80 TO 78
STOP LOSS RS 79
TARGET RS 76.20
Lead traded slightly lower at $1,771.75 from $1,775.
SHORT TERM TREND : BEARISH : TARGET RS 74
LONG TERM TREND : BEARISH : TARGET RS 65
S1 RS 75.60, S2 RS 74, S3 RS 72.60
R1 RS 77.80, R2 RS 79,R3 RS 80.60
PREFER SHORTS AT RS 77.80 TO 78
STOP LOSS RS 79
TARGET RS 76.20
Lead traded slightly lower at $1,771.75 from $1,775.
Friday, June 13, 2008
UPDATES ON JUNE 13 FRIDAY
JUNE 13 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 75
LONG TERM TREND : BEARISH : TARGET RS 72
PREFER SHORTS AT RS 80.20 TO 80.40
STOP LOSS RS 81.55
TARGET RS 78.20
Lead declined by $ 40 to $ 1840.
SHORT TERM TREND : BEARISH : TARGET RS 75
LONG TERM TREND : BEARISH : TARGET RS 72
PREFER SHORTS AT RS 80.20 TO 80.40
STOP LOSS RS 81.55
TARGET RS 78.20
Lead declined by $ 40 to $ 1840.
Wednesday, June 11, 2008
UPDATES ON JUNE 11 2008
JUNE 11 WEDNESDAY
SHORT TERM TREND : BEARISH : TARGET RS 81.60
LONG TERM TREND : BEARISH : TARGET RS 75
S1 RS 82.60, S2 RS 81.20, S3 RS 80
R1 RS 85, R2 RS 86.40, R3 RS 87.80
PREFER SHORTS AT RS 84.80 TO 85
STOP LOSS RS 86.40
TARGET RS 82.60
lead dropped $3, or 0.2 percent, to $1,957 a ton .
SHORT TERM TREND : BEARISH : TARGET RS 81.60
LONG TERM TREND : BEARISH : TARGET RS 75
S1 RS 82.60, S2 RS 81.20, S3 RS 80
R1 RS 85, R2 RS 86.40, R3 RS 87.80
PREFER SHORTS AT RS 84.80 TO 85
STOP LOSS RS 86.40
TARGET RS 82.60
lead dropped $3, or 0.2 percent, to $1,957 a ton .
Tuesday, June 10, 2008
UPDATES ON JUNE 10 2008
JUNE 10 TUESDAY
SHORT TERM TREND : BEARISH TARGET RS 82.60
LONG TERM TREND :BEARISH TARGET RS 75
PREFER SHORTS AT RS 85.20 TO 85.40
STOP LOSS RS 87
TARGET RS 82.60
Lead shed $ 5 to $ 1945/1965 .
SHORT TERM TREND : BEARISH TARGET RS 82.60
LONG TERM TREND :BEARISH TARGET RS 75
PREFER SHORTS AT RS 85.20 TO 85.40
STOP LOSS RS 87
TARGET RS 82.60
Lead shed $ 5 to $ 1945/1965 .
Friday, June 6, 2008
UPDATES ON JUNE 6 2008
JUNE 6 FRIDAY
SHORT TERM TREND : BEARISH : TARGET RS 81.70
LONG TERM TREND : BEARISH : TARGET RS 75
S1 RS 82, S2 RS 80.60, S3 RS 79.10
R1 RS 85.50, R2 RS 87, R3 RS 88.60
PREFER SHORTS AT RS 84.80 TO 85
STOP LOSS RS 86
TARGET RS 82.20
SHORT TERM TREND : BEARISH : TARGET RS 81.70
LONG TERM TREND : BEARISH : TARGET RS 75
S1 RS 82, S2 RS 80.60, S3 RS 79.10
R1 RS 85.50, R2 RS 87, R3 RS 88.60
PREFER SHORTS AT RS 84.80 TO 85
STOP LOSS RS 86
TARGET RS 82.20
Thursday, June 5, 2008
UPDATES ON JUNE 5 THURSDAY
JUNE 5 THURSDAY
Lead stockpiles monitored by the exchange jumped 2,925 tons, or 4.3 percent,
to 71,525 tons, according to LME data, the highest since Sept. 11, 2006.
The price dropped as much as $63.50, or 3.1 percent, to $1,992 a ton.
IMPORTANT SUPPORT AND RESISTENCE
S1 RS 82.20, S2 RS 80.40, S3 RS 80
R1 RS 84.50, R2 RS 84.90, R3 RS 86.70
TRADE RECOMMENDATION
SELL BELOW RS 85
STOP LOSS RS 86.25
TARGET RS 83.80 82.50.
Lead stockpiles monitored by the exchange jumped 2,925 tons, or 4.3 percent,
to 71,525 tons, according to LME data, the highest since Sept. 11, 2006.
The price dropped as much as $63.50, or 3.1 percent, to $1,992 a ton.
IMPORTANT SUPPORT AND RESISTENCE
S1 RS 82.20, S2 RS 80.40, S3 RS 80
R1 RS 84.50, R2 RS 84.90, R3 RS 86.70
TRADE RECOMMENDATION
SELL BELOW RS 85
STOP LOSS RS 86.25
TARGET RS 83.80 82.50.
Tuesday, June 3, 2008
UPDATES ON 3 JUNE 2008
JUNE 3 TUESDAY
SHORT TERM TREND : SIDEWAYS : TARGET RS 84.20 TO 88.40
LONG TERM TREND : BEARISH ; TARGET RS 75
MARKET EXPECTED TO MOVE SIDEWAYS.
Lead was trading at $ 1966 from $ 1974/1975 on Friday.
SHORT TERM TREND : SIDEWAYS : TARGET RS 84.20 TO 88.40
LONG TERM TREND : BEARISH ; TARGET RS 75
MARKET EXPECTED TO MOVE SIDEWAYS.
Lead was trading at $ 1966 from $ 1974/1975 on Friday.
Monday, June 2, 2008
UPDATES ON 2 JUNE 2008
JUNE 2 2008 MONDAY
SHORT TERM TREND : BEARISH : TARGET RS 81.40
LONG TERM TREND : BEARISH : TARGET RS 75
PREFER SHORTS AT RS 85.40 TO 86.60
STOP LOSS RS 86.70
TARGET RS 82.40.
SHORT TERM TREND : BEARISH : TARGET RS 81.40
LONG TERM TREND : BEARISH : TARGET RS 75
PREFER SHORTS AT RS 85.40 TO 86.60
STOP LOSS RS 86.70
TARGET RS 82.40.
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