UPDATES ON JULY 16 2008

JULY 16 TUESDAY

SHORT TERM TREND : BEARISH: TARGET RS497

LONG TERM TREND : BULLISH: TARGET RS 630

S1 RS 508, S2 RS 503, S3 RS 497

R1 RS 515, R2 RS 519, R3 RS 523

PREFER SHORTS AT RS 516 TO 517

STOP LOSS RS 521

TARGET RS 508.