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Tuesday, July 29, 2008

UPDATES ON JULY 29 2008

JULY 29 TUESDAY

SHORT TERM TREND : BULLISH: TARGET RS 98.20

LONG TERM TREND : BEARISH : TARGET RS 65

S1 RS 94.90, S2 RS 93.60, S3 RS 92

R1 RS 96.85, R2 RS 98.20 , R3 RS 100.30

PREFER LONG AT RS 95.40 TO 95.20

STOP LOSS RS 93.60

TARGET RS 98.20

Lead was up 0.2 % to tarde at $ 2165 per tonne.

Consumers and investors are in no rush to buy the

base metal on Monday and traders said the market is expected

to remain quiet in the absence of any fresh oil or gold

related drivers.

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