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Daily Commodity Updates

ICICI Tomorrow
ICICI can hold for tomorrow, it can move upward in near future. It is a good buy from a medium to long term perspective. Short term jitters might be because of news flow rather than fundamentals. Quarterly numbers have been in line with expectations. Buy with a target of 1100 in 9-12 months.

Silver Updates
Silver trading was on bullish mode, silver demand same as last trading day. Silver will touch 58000 very soon. Silver rose nearly 1% on demand for the metal as a safe haven investment away from market turmoil as the euro zone troubles deepened.  In the local market, some support seen from base metal counter also which lead the rally.

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