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Tuesday, June 17, 2008

UPDATES ON JUNE 17 TUESDAY

JUNE 17 TUESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 5685 TO 5860

LONG TERM TREND : BULLISH : TARGET RS 6190

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Oil steadied near $135 after falling earlier on news

that Saudi Arabia would boost output in July in a

bid to cool record prices.

In London, Brent crude for August delivery was down

11 cents at $135.00 a barrel.

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