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Wednesday, July 9, 2008

UPDATES ON JULY 9 2008

JULY 9 WEDNESDAY

SHORT TERM TREND : BEARISH: TARGET RS 24680

LONG TERM TREND : BULLISH: TARGET RS 27300

S1 RS 24860, S2 RS 24680, S3 RS 24540

R1 RS 25270, R2 RS 25410, R3 RS 25560

PREFER SHORTS AT RS 25220 TO 25240

STOP LOSS RS 25410

TARGET RS 24860

Silver fell to $17.75/17.80 an ounce from $17.82/17.88

late in New York.

Oil tumbled more than $5 on Tuesday, pushing

losses so far this week to about $10, as forecasters

said an Atlantic hurricane would stay clear of

offshore oil platforms and the greenback gained

against othercurrencies.

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