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Friday, May 30, 2008

UPDATES ON MAY 30 FRIDAY

MAY 30 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 80.40

LONG TERM TREND : BEARISH : TARGET RS 75

S1 RS 82, S2 RS 80.40, S3 RS 78.60

R1 RS 85, R2 RS 86.40, R3 RS 87.80

PRICES ARE TRADING AT OVER SOLD ZONE.

WAIT FOR RESISTENCE FOR FRESH ENTRIES.

Lead slipped to an intraday low of $1,930 per tonne, its weakest level since

May last year, before recovering slightly to trade at $1,945 against $2,028 per

tonne at the close on Wednesday.


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