UPDATES ON JULY 22 2008

JULY 22 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 26280

LONG TERM TREND : BULLISH : TARGET RS 29000

S1 RS 25560, S2 RS 25340, S3 RS 25120

R1 RS 25880, R2 RS 26060, R3 RS 26280

PREFER INTRA DAY LONGS AT RS 25610 TO 25590

STOP LOSS RS 25340

TARGET RS 26060

silver rose to $18.36/18.44 an ounce from

$18.12/18.20 late in New York.

A lower dollar against euro and other major

currencies and more than a $2 per barrel gain in

crude oil prices took gold as high as $968.25

during the session.

Oil rose more than $2 a barrel early on Monday after

as talks over Iran's nuclear programme ended in a

stalemate, dampening hopes the row would be

resolved soon. Last week was oil's biggest one-week

slide on record.

U.S. crude futures ended $2.16 higher at $131.04 a barrel.