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22nd October 2014
CNX Nifty opened on a strong bull note and continued it’s up move for third consecutive session. It regained its 7900 levels and retraced towards 50% Fibonacci retracement levels. It is taking support at its 35 DMA and trading above its 200 and 50DMA. Finally it closed above its previous sessions high levels with the gain of 48 points. Now for the day it has to hold above its crucial 7920 levels to continue the up move towards 7980 levels. On downside immediate support exists near to 7... 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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