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Wednesday, August 27, 2008

UPDATES ON AUG 27 2008

AUG 27 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORT 1 RS 79.80 , SUPPORT 2 RS 77.60

RESISTENCE 1 RS 82.70 , RESISTENCE 2 RS 84

SELL AT RS 82.50 TO 92.70

STOP LOSS RS 84

TARGET RS 79.80

Three-month lead fell to $1,855 from Friday's $1,885.

China's lead consumption growth may slow in

the second half of this year as weaker domestic

demand for electric bicycles offsets increased

export orders for car and truck batteries.

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