AUG 2 SATURDAY
SHORT TERM TREND : BEARISH : TARGET RS 24220
LONG TERM TREND : BULLISH: TARGET RS 29000
S1 RS 25360, S2 RS 24220, S3 RS 23930
R1 RS 24560, R2 RS 24750, R3 RS 24960
PREFER SHORT AT RS 24560 TO 24570
STOP LOSS RS 24750
TARGET RS 24220
Silver futures for September delivery dropped 27 cents,
or 1.5 percent, to $17.52 an ounce on the Comex. Silver
gained 17 percent this year, including a 0.8 percent
rise this week.
Gold fell as better-than-expected U.S. jobs data
boosted the dollar and reduced demand for
alternative assets. Silver also dropped.
Crude oil jumped as much as 3.6 percent following
remarks by Israeli Deputy Prime Minister Shaul Mofaz
that Iran was poised to make ``unacceptable''
progress in its nuclear program. Gold jumped to
a record in March as oil climbed and the dollar
slipped.
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