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Thursday, June 26, 2008

UPDATES ON JUNE 26 2008

JUNE 26 THURSDAY

SHORT TERM TREND : BEARISH : TARGET RS 75.40

LONG TERM TREND : BEARISH : TARGET RS 65

S1 RS 76.70, S2 RS 75.40, S3 RS 74

R1 RS 78.60, R2 RS 80, R3 RS 81.30

PREFER SHORTS AT RS 78.40 TO 78.60

STOP LOSS RS 79.60

TARGET RS 75.40

Lead remain in the doldrums with rising stock

and increased supply weighing on sentiment.

Lead was down 3.3 % at $ 1803 per tonne.

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