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Wednesday, October 1, 2008

UPDATES ON OCT 1 2008

OCT 1 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TEND : BEARISH

S1 RS 85.70 , S2 RS 84.10

R1 RS 88.30 , R2 RS 89.80

STAY SHORT AT RESISTENCE.

Lead lost $ 53 to $ 1771 / metric tonne.

The base metal complex was lower during London Metal

Exchnage pre market trade on Tuesday but higher

than the overnight lows on the back of the US bail

out plan being rejected.

The support seems to be around $ 1780 as depicted

in the charts.

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