JULY 4 FRIDAY
SHORT TERM TREND : SIDEWAYS: TARGET RS 25380 TO 25880
LONG TERM TREND : BULLISH: TARGET RS 27300
S1 RS 25480, S2 RS 25300, S3 RS 25100
R1 RS 25780, R2 RS 25860, R3 RS 26100
DUE TO TH ABSENCE OF INTERNATIONAL MARKETS
TRADE IS EXPECTED TO BE RANGE BOUND.
The u.s Dollar slipped to a 2 month low after a
report showed larger than expected job cuts in the
U.S in june, and after the Dow sank on Wednesday.
Silver edged down to $ 18.27/18.34 from $ 18.32/18.39
an ounce.The metal is taking some support from the
ongoing strike action in Peru , the worlds biggest
producer of the metal.
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