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Tuesday, July 29, 2008

UPDATES ON JULY 29 2008

JULY 29 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 85.60

LONG TERM TREND : BEARISH : TARGET RS 64

S1 RS 80.50, S2 RS 79, S3 RS 77.30

R1 RS 83.80, R2 RS 85.60, R3 RS 87.30

PREFER INTRA DAY LONG AT RS 80.80 TO 80.60

STOP LOSS RS 79

TARGET RS 83.80

Zinc was trading up 1 percent at $ 1863 a tonne.

Consumers and traders are in no rush to buy

Base metals on Monday and traders said that

markets are expected to be quiet in the absence

of any fresh gold or oil related drivers.


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