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Friday, September 12, 2008

UPDATES ON SEPT 12 2008

SEPT 12 FRIDAY
MCX LEAD SEPTEMBER

SHORT TERM TREND -BULLISH

LONG TERM TREND - BEARISH

SUPPORTS - S1 83.60,S2 82

RESISTANCES - R1- 85.60, R2 - 87.3

TRADING CALL - BUY AT RS.83.6 TO 83.80

SL RS.82, TARGET RS.85.60


Lead was at $ 1783 / 1793 against $ 1799.

The support is at $ 1700 and Resistence is at $ 1950.

Metals rebounded yesterday but it did so without

the help of energy which finished lower after a very

choppy session and the dollar ended slightly

higher for the day.

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