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Thursday, August 14, 2008

UPDATES ON AUG 14 2008

AUG 14 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 72 TO 76

LONG TERM TREND : BEARISH : TARGET RS 65

S1 RS 72 , S2 RS 70.60 , S3 RS 69.20

R1 RS 74.80 , R2 RS 76 , R3 RS 77.40

MARKET IS EXPECTED TO MOVE SIDEWAYS.

LME Lead bounced to an intra day high of $ 1790 ,

up 2.9 % , as a weaker dollar and bargain hunting

supported.

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