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Friday, July 25, 2008

UPDATES ON JULY 25 2008

JULY 25 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 23860

LONG TERM TREND : BULLISH : TARGET RS 29000

S1 RS 24120, S2 RS 23880, S3 RS 23630

R1 RS 24460, R2 RS 24630, R3 RS 24880

PREFER SHORTS AT RS 24460 TO 24480

STOP LOSS RS 24630

TARGET RS 24120

On the Nymex, September silver fell 16 cents to $17.30 an ounce.

Gold for August delivery ended down 50 cents at $922.30

an ounce on the New York Mercantile Exchange.

The dollar extended gains on the euro after worrying euro-zone

data, but slipped against the yen as U.S. stocks sagged.

Crude-oil futures rose for first time in three sessions, up 0.8%

following their $20 decline over the past seven sessions that had

sent the benchmark contract to its lowest level in seven weeks.



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