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Tuesday, September 23, 2008

UPDATES ON SEPT 23 2008

SEPT 23 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BEARISH

S1 RS 89.60 , S2 RS 87.80

R1 RS 92.30 , R2 R S94

TRADING CALL

BUY AT RS 89.70 TO 89.50

STOP LOSS RS 87.80

TARGET RS 92.30.

Lead closed at $1,990 from Friday's close of $1,900. It earlier

hit a high of $2,000, up 5.3 percent, last seen on Sept. 4.

Lead is now at $ 1946 up $ 46 and heading towards

the key resistence of $ 1950.

Analyst feel if it closes for 2 days above this level

it could advance to $ 2130 and trading range

highs of $ 2300.




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