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Tuesday, January 20, 2009

UPDATES ON JAN 20 2009

JAN 20 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 55.40 , S2 RS 53.80 , S3 RS 52.60

R1 RS 58 , R2 RS 59.40 , R3 RS 60.70

BUY ON DIPS FOR INTRA DAY.

Lead fell 1.2 percent to $1,155 a ton .

Lead prices are trading sideways.

Analyst feel it looks positive only if it sustains

above Rs 57.20 in the MCX Jan contract.

If there is abreak out above Rs 58.70 , it could test

Rs 59.90 in the MCX.

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