Tuesday, June 30, 2009

MARKET TAKING SUPPORT AT TREND LINE

look at attached chart. we have taken support at 34 dma and trend line. we must move up from here to maintain uptrend for targets of 15100-15300.

market status

yesterday we saw profit booking from 61.8% retracement zone as it was advised. today now we r near very good support zone betn 14526 and 14608. low so far is 14565 and current is 14600. we can see bounce from here. and it may be a last upmove towards 15100-15300 zone.

stock to watch godrej ind cmp 142.5

buy godrej ind for short term investment cmp 142.5
 
stop loss 135