Wednesday, May 16, 2012

Stocks view!!!

JSW steel
Downside movement is seen as expected today.
Price is taking support at 615-620 for the past 4 days.
If stock sustain at current levels then a change in trend can ne seen.
Opening movement will decide the further trend for tomorrow.

Aurobindo pharma
The stock was seen in the range today (102-108)
The change in trend in seen.
the stock will change trend if close above 113.
range for tomorrow is 104-110.

JP associate
The stock again closed at the level of support (60) today
Once again the stock can move till 63 in coming days if the current level is sustained!!!

ICICI bank
Positive movement can be seen in ICICI bank for tomorrow.
The stock reversed from the level of 820.
Change in MACD and ROC trend is suggest a positive movement for tomorrow.

Sterlite
Change in trend on daily chart is seen with good volume.
If the stock closes tomorrow above today closing price then the trend will continue.
resistance at 103-104.

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