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Technical Outlook
3rd February 2012
S&P CNX Nifty has hit resistance 5289 @ sloping down trendline connecting high of 2010 Nov-Jan2011-July2011 and has formed a Doji where open & close are same and which indicates reversal after a sustained rally, But we will need confirmation. Nifty for the day trading below 5220 only weakness would start and on lower side 5120 & 5040 would be very strong support on higher side 5425 is possible if previous day high is breached. Rally is driven by liquidity from Global loose monetary pol... more
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03-Aug-2009
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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