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Tuesday, July 22, 2008

JULY 22 2008

JULY 22 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 92

LONG TERM TREND : BEARISH TARGET RS 65

S1 RS 86.70, S2 RS 85.20 , S3 RS 84

R1 RS 90.10, R2 RS 91.80, R3 RS 93.60

PREFER INTRA DAY LONG AT RS 87 TO 86.70

STOP LOSS RS 85.20

TARGET RS 90.10

At 0927 GMT LME L ead was trading at $ 2040 a tonne

up 2.5 &.

Lehman Brothers have released new metal forecast

lowering its 2008 average price outlook for lead.

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