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22nd July 2016
Nifty index opened positive but failed to cross its monthly high of 8595 mark and corrected towards 8500 levels. It has been consolidating in a trading range in between 8476 to 8595 zones from last eight trading sessions and respecting it to its immediate support zones. It has failed to give an upside breakout in the absence of follow up buying interest and if it break support then selling may continue for next couple of trading sessions. It formed a Bearish Engulfing Candle on daily ... more
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Reco. Pr.: 36; TGT : 60; Hold Period 2-3 mths-
Company is a leading Ductile Iron pipes and cast iron pipe manufacturing company. It also offers turnkey solutions in water transport and sewage management.
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