Saturday, June 2, 2012

Stock view!!


ICICI bank
Gap up opening downside was seen in the stock on 31st may.
Daily chart is showing a negative trend, but hourly chart is showing positive sign.
If stock sustains the level of 775 then there can be some positive movement otherwise the stock seems to
move downside in coming days.

Castrol India
the stock is now at the level of 200 MA.
Some support can be seen in this stock in coming days.
Good volume will give a positive for the upside movement if seen any.

JSW steel.
Failing to sustain the upside movement.
level of 550-560 can be seen in coming days.

Mind tree
stock is trading between the range of triangle formation.
breaking of the range will direct towards the next movement.
range of 610-640 is crucial.

Hindalco
Upside trend can be seen in coming days in the stock.
The stock has sustain the level of 110-115 with good volume.
level of 135 can be seen after closing above 137.

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