CLOSING COMMENTARY FOR JULY 29 WEDNESDAY

Crude prices fell more than 4 % in MCX as Inventories up

heavily. Prices broken all its sup of 3225 -3215 and now

near to its strong sup of 3080 - 3060. Below ths levels

prices expected to test 3000 levels. Buying could take

place at low levels.

Buy on dips advised.