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Tuesday, September 30, 2008

UPDATE FOR SEPT 29 2008

MARKET UPDATE FOR 29 SEPTEMBER

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 84.10 , S2 RS 82.40

R1 RS 87.10 , R2 RS 88.70

STAY SHORT AT RESISTENCE.

Lead fell more than 6 percent to a low of $1,816 a tonne. It ended

the day at $1,830, down from $1,960 on Friday.

Lead and zinc have lost about a quarter and nickel hasshed

35 percent since the start of the year.

Turmoil in financial markets has weighed on metal prices for months.

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