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Monday, February 9, 2009

TECHNICAL UPDATE FOR FEB 9 2009

TECHNICAL UPDATE FO0R FEB 9 MONDAY

The chart pattern for silver is relatively strong

but with over bought indications.

Strong support is seen at $ 12.72 ( Rs 20076 approx)

with resistance at $ 13.27 ( Rs 20750 approx) .

Profit booking on long trades would be advised

on rallies .

Positional trades should be avoided.

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