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Tuesday, August 12, 2008

UPDATES ON AUG 12 2008

AUG 12 TUESDAY

SHORT TERM TREND : BEARISH : TARGET RS 78

LONG TERM TREND : BEARISH : TARGET RS 65

S1 RS 80, S2 RS 78.40, S3 RS 77

R1 RS 82.40, R2 RS 84, R3 RS 85.60

PREFER SHORT AT RS 82.60 TO 82.40

STOP LOSS RS 84.30

TARGET RS 80

Battery material lead touched a four-week low of $1,905 a

tonne and was last at $1,910, down $74 .

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