Wednesday, October 14, 2009

Morning Thought


Today nifty could face resistance around 5088-5095 and then at 5120-5130.

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Update at EOD

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2 comments:

  1. afzala.comOctober 14, 2009 at 3:30 PM

    why break out fails in ambuja cement
    i bought 2 weeks ago when it broke 100 with good volum today it is at 93

    ReplyDelete
  2. RenuOctober 14, 2009 at 6:07 PM

    hello afzal,

    i can't answer your question but looking at charts of ambuja cement i found it was in bollinger band squeeze set up and it has given a breakout on down side ,so i guess it would be better to get out of the stock.

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