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Wednesday, May 28, 2008

UPDATES

MAY 28 WEDNESDAY

SHORT TERM TREND BEARISH TARGET RS 5470

LONG TERM TREND BULLISH TARGET RS 5890

Prefer shorts at Rs 5580 to 5585

Stop loss Rs 5630

Target Rs 5500

Crude prices fell below $ 130


Crude oil traded over a week low after plunging yesterday on speculation

record fuel prices will reduce demand at the height of the US driving season.

Oil prices which rose above $ 135 a barrel last week was bad news for both

producers and cinsumers.


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