Weekly Update(6/8/12-10/8/12)

Weekly Scenario:

The bounce is still in force and could further extend into the 29.46-29.89-30.46 zone on a breach of this zone higher possibilities exist.While on the contrary a break below the 26.60-26.30 zone (on a daily closing basis),the intermediate as well the short term trend would turn down.Weekly Support at 25.10 or even lower at 24.26-22 zone.