UPDATE

TECHNICALS FOR NYMEX TRADING

DECEMBER 31

MCX JAN LEAD

SHORT TERM ; BULLISH

LONG TERM : BEARISH

SUPPORTS ; 46.10, 45, 43.60

RESISTANCES ; 48.30, 49.70, 51

STAY LONG AT SUPPORTS

MARKET ALERT ON DEC 31 WEDNESDAY 11.40 AM IST

MCX Jan Lead is expected to test Rs 49.10,

if it sustains above Rs 46.50.

UPDATES ON DEC 31 2008

DEC 31 WEDNESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 46.10 , S2 RS 45 , S3 RS 43.60

R1 RS 48.30 , R2 RS 49.70 , R3 RS 51

STAY LONG AT SUPPORT.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 30

MCX JAN LEAD

SHORT TERM ; BULLISH

LONG TERM ; BEARISH

SUPPORTS ; 45.10, 43.60, 42

RESISTANCES ; 48, 49.30, 50.70

STAY LONG AT SUPPORTS

MARKET ALERT

MCX Lead Jan looks bullish above Rs 45.80 ,

We feel it could test upto Rs 48.

Traders who are on the buying side should

maintain a stop loss of Rs 43.60.

UPDATES

TECHNICALS FOR DECEMBER 30

MCX JAN LEAD

SHORT TERM ; BULLISH

LONG TERM : BEARISH

SUPPORTS : 44.60, 43.20, 41.80

RESISTANCES ; 46.50, 48, 49.60

STAY LONG AT SUPPORTS

UPDATE

MARKET ALERT AT 7.30 PM

DECEMBER 29

MCX JANUARY LEAD CMP RS.44.30

LIKELY TO TEST RS.46.50 LEVELS,

CURRENT SUPPORT SEEN AT RS.43.20.

TRADING LEVELS FOR DEC 29 EVENING TRADE

DEC 29 MONDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 43.10 , S2 RS 41 , S3 RS 38.60

R1 RS 45.30 , R2 RS 46.70 , R3 RS 48

STAY SHORT AT RESISTENCE.

UPDATES ON DEC 29 2008

DEC 29 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 42 , S2 RS 40.40 , S3 RS 38.40

R1 RS 45 , R2 RS 46.70 , R3 RS 48.20

STAY SHORT AT RESISTENCE.

Lead fell $16 to $850 a ton.

UPDATES

TECHNICALS FOR EVENING TRADE

DECEMBER 26

MCX JAN LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 41.60, 40, 38.40

RESISTANCES ; 44.10, 45.70, 47

STAY SHORT AT RESISTANCES

update

UPDATE AT 10.30 AM 1ST DEC26

MCX DEC LEAD LOOK WEAK, NEXT SUPPORT

AT RS. 40.30 CURRENT RESISTANCE AT

RS.43.10, CMP RS.42.

UPDATES

TECHNICALS FOR DECEMBER 26

MCX JANUARY LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 42.60, 41,39.60

RESISTANCES : 45.10, 46.60, 48

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 24

MCX JAN LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 43, 41.60, 40.20

RESISTANCES ; 45.60, 47, 48.60

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 24

MCX JANUARY LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 43, 41.60, 40.20

RESISTANCES ; 45.60, 47, 48.60

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 23

MCX DECEMBER LEAD

SHORT TERM : SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS ; 43.80, 42.30, 40

RESISTANCES ; 46, 47.60, 49

WAIT FOR CONFIRMATION

UPDATE

MCX DECMEBR LEAD

NEXT RESISTANCE IS NOW AT RS.46.60

SUPPORT 43.80.

UPDATES

TECHNICALS FOR DECEMBER 23

MCX DECEMBER LEAD

SHORT TERM : SIDEWAYS

LONG TERM: BEARISH

SUPPORTS : 41.80,40.30,39

RESISTANCES ; 45, 47, 48.90

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 22

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS ; 40.60, 39.20, 37.60

RESISTANCES ; 44, 45.60, 47

STAY SHORT AT RESISTANCES

UPDATES ON DEC 22 2008

DEC 22 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 41.40 , S2 RS 39.60 , S3 RS 37.10

R1 RS 44 , R2 RS 45.60 , R3 RS 47

STAY SHORT AT RESISTENCE.

Lead prices fell by over 16 % weak on weak .

Outlook for base metals for the next 2 -3 quarters

into next year is grim with recessionary conditions

and lack of demand growth the main theme.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 19

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 43.60, 41.50, 39.60

RESISTANCES ; 45.60, 47, 48.60

WAIT FOR CONFIRMATION

Traders are requested to operate with very strict stop

loss as markets bordering on over sold position and short

covering rally could set in any time due to christmas vacations

commencing early next week.


INTRA DAY LEAD COULD TEST 145.50 LEVELS !!!!!!!!!!!!

UPDATES ON DEC 19 2008

DEC 19 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND ; BERARISH

S1 RS 42.80 , S2 RS 41.10 , S3 RS 39.60

R1 RS 45.20 , R2 RS 47 , R3 RS 48.60

STAY SHORT AT RESISTENCE.

UPDATE

UPDATE AT 9 PM DECEMBER 18

MCX DECEMBER LEAD HAS BROKEN CRUCIAL SUPPORTS .

NEXT SUPPORT SEEN AT RS.43.80 , RS.41.95 AND

RS.39.80.

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 18

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM BEARISH

SUPPORTS : 45.60, 44.60, 43.10

RESISTANCES : 47.60, 49.30, 51.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 18

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 46.10, 44.60, 43.10

RESISTANCES : 49, 51.30, 53.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMX TRADING

DECEMBER 17

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 46.60, 44.60, 43.10

RESISTANCES : 49, 51.30, 53.30

STAY SHORT AT RESISTANCES

updates

TECHNICALS FOR DECEMBER 17

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 46.10, 44.60, 43.10

RESISTANCES : 49, 51.30, 53.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 16

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 47.30, 46, 44.20

RESISTANCES : 49, 51.30, 53.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 16

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 48.30, 46.80, 45.30

RESISTANCES: 51, 52.80, 54.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR NYMEX TRADING

DECEMBER 15

MCX DECEMBER 15

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 49.30, 47.60, 45

RESISTANCES : 51, 52.80, 54.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 15

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 48.30, 46.60, 45

RESISTANCES : 51, 52.80, 54.30

WAIT FOR CONFIRMATION

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 12

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 48, 46.60, 45

RESISTANCES : 50.60, 51.80, 53.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICALS FOR DECEMBER 1 2

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS: 49.20, 48, 46

RESISATNCES ; 51.60, 53.80, 55.30

STAY SHORT AT RESISTANCES

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 11

MCX DECEMBER LEAD

SHORT TERM ; SIDEWAYS

LONG TERM ; BEARISH

SUPPORTS : 49.40, 48, 46

RESISTANCES : 51.60, 53.80, 55.30

WAIT FOR CONFIRMATION

UPDATES

TECHNICALS FOR DECEMBER 11

MCX DECEMBER LEAD

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 48.40,, 46.70, 45

RESISTANCES : 50.60, 51.60, 53.80

WAIT FORCONFIRMATION

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 10

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 48.60, 46.60, 45

RESISTANCES : 50.60, 51.60, 53.80

STAY SHORT AT RESISTANCES

UPDATES ON DEC 10 2008

DEC 10 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 47.60 , S2 RS 45 , S3 RS 43

R1 RS 50.60 , R2 RS 51.60 , R3 RS 53.80

STAY SHORT AT RESISTENCE.
Lead at $ 969 down $ 41 and looking very weak

despite declining LME stock levels.

TECHNICAL LEVELS FOR NYMEX TRADE

DEC 9 TUESDAY

TRADING LEVELS FOR NYMEX TRADE FOR EVENING SESSION

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 48.30 , S2 RS 46 , S3 RS 44.30

R1 RS 50.60 , R2 RS 51.80 , R3 RS 53.80

STAY SHORT AT RESISTENCE.

TECHNICAL LEVELS FOR NYMEX TRADE

DEC 8 2008

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 48.60 , S2 RS 46 , S3 RS 45

R1 RS 50.60 , R2 RS 51.60 , R3 RS 53.80

STAY SHORT AT RESISTENCE.

UPDATES ON DEC 8 2008

DEC 8 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 46.80 , S2 RS 45 , S3 RS 43

R1 RS 49.60 , R2 RS 51.60 , R3 RS 53.80

STAY SHORY AT RESISTENCE.

TECHNICAL LEVELS FOR NYMEX TRADING

DEC 5 FRIDAY

TRADING LEVELS FOR EVENING NYMEX TRADE

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 48 , S2 RS 46.50 , S3 RS 4430

R1 RS 49.60 , R2 RS 51.60 , R3 RS 53.80

STAY SHORT AT RESISTENCE.

UPDATES ON DEC 5 2008

DEC 5 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND: BEARISH

S1 RS 48.20 , S2 RS 46.50 , S3 RS 44.30

R1 RS 51 , R2 RS 52.60 , R3 RS 54.80

STAY SHORT AT RESISTENCE.

Lead prices at LME declined by 10.84 % to $ 971

per tonne.

Lead inventories in the previous session increased by

9325 units to 202750 tonnes.

Lead dropped to a 2 year low in London after Ivernia Inc

the former supplier of 3 % of world output was cleared to

resume a shipment from Australia. Ivernia will start

removing 8000 metric tonnes of stock piled lead

concentrate next month.

The metal mostly used in car batteries , has dropped

62 % this year because of reduced automobile production.

US industry sales dropped for a 13 th straght month

in November , the longest slide in seventeen years.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 4

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 50,, 48.20, 46.50

RESISTANCES : 51.80, 53.20, 54.80

STAY SHORT AT RESISTANCES

UPDATE

TECHNICALS FOR DECEMBER 4

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 48.80 , 47.20, 45.50

RESISTANCES : 51.80, 53.20, 54.80

STAY SHORT AT RESISTANCES

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 3

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 53, 51.60, 50

RESISTANCES : 54.60, 56.70, 58

STAY SHORT AT RESISTANCES

UPDATES ON DEC 3 2008

DEC 3 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 53.80 , S2 RS 52,10, S3 RS 50.60

R1 RS 56.10 , R2 RS 57.70 , R3 RS 59

STAY SHORT AT RESISTENCE.

Lead prices touched a multi year low.

The overall base metal complex came under selling

pressure as the economic picture has deteriorated

further.

Lead prices are at $ 1067 down $ 32.

Analyst feel the next support is at $ 1025 and

below that would be $ 930.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 2

MCX DECEMBER LEAD

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 54., 53, 51.40

RESISTANCES : 56.30,, 58, 60

STAY SHORT AT RESISTANCES

UP[DATES ON DEC 2 2008

DEC 2 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 54.60 , S2 RS 53.20 , S3 RS 51.60

R1 RS 57 , R2 RS 58.60 , R3 RS 60

STAY SHORT AT RESISTENCE.

Lead fell $3 to $1,100 a ton.

Lead prices continue their wy down even as stocks

continue to dcline.

Winter season coming nearer usually increases

lead demand for car batteries.

Lower economic outlook are preventing prices from rising.

Prices drop below $ 1200 / tonne level and hits a

27 month low.

UPDATES

TECHNICAL LEVELS FOR NYMEX TRADING

DECEMBER 1

MCX DECEMBER LEAD

SHORT TERM ; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS : 55.60, 54, 53.10

RESISTANCES; 57.60, 59.80, 62

WAIT FOR CONFIRMATION

UPDATES ON DEC 1 2008

DEC 1 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56 , S2 RS 54.60 , S3 RS 53.10

R1 RS 58 , R2 RS 59.80 , R3 RS 62

Wait for confirmation.