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NISM Certified Research Analyst & Mutual Fund Distributor.

Sunday 26 May 2013

JSW STEEL 26513

THE COUNTER FORMED A STRONG BASE NEAR 665 AREA DURING RECENT PAST AND WITNESSED BOUNCE BACK FROM THERE. FOR THE LAST COUPLE OF SESSIONS IT IS WITNESSING HIGHER THAN AVERAGE VOLUMES TOO. THE COUNTER HAD A SHORT TERM RESISTANCE AROUND 703-708 AREA WHICH HAS NOW BEEN BROKEN ON CLOSING BASIS. RECOMMEND BUY ONLY ABOVE 723 WITH THE SL OF 703 TGT 755-763


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