Tuesday, December 2, 2008

UPDATES ON DEC 2 2008

DEC 2 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARIH

S1 RS 333.30 , S2 RS 329.50 , S3 RS 326

R1 RS 339 , R2 RS 342 , R3 RS 345

Natural gas expected to trade sideways as prices appear in a

consolidation mode.

With winter season in US going on the downside in gas prices

can be limited .

MCX Dec contract has support at Rs 314 levels and

resistence is at Rs 340 levels.

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