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NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 6 May 2013

ITC ... TRADE WITH UR OPEN EYES ONLY..6513

THE COUNTER KISSED 335 LEVELS AND FORMED A PIN BAR AT THE TOP. IT SEEMS THAT THE COUNTER IS NOW STRUGGLING TO HOLD 330 LEVELS. TODAY IT WAS DOWN BY ALMOST 1.5% THOUGH VOLUMES WERE LOW. IT FOUND SUPPORT AROUND 325 WHICH WAS A GAP AREA. WE BELIEVE IF 324 IS BROKEN THE COUNTER MAY SLIDE UP TO 314-310 LEVELS. RECOMMEND TO SELL ONLY BELOW 324 WITH SL OF 329 TGT 314-312.



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