Friday, January 28, 2011

We Said JSWSTEEL & LUPIN WILL MELT.........


HAPPY SELLING

Today Morning we Said, We Are Negative On Jsw Steel & Lupin & See What Happend,

Jsw Steel: 960 To 920 (-4%) & Lupin: 445 To 421 (-5%)

1.Jsw Steel Is Trading Near The Main Support Of 905 & It May Breake The Level & Drag Down To 860 in Coming Days, If It Sustain Above 906 Then It May Show Bounce Back But In Slow & Smooth Manner, For Intraday It May Breake 898 Level.

2.Lets Talk About Lupin On 4th Jan, Lupin Made High Of 490 Nse & Was Unable To Pass Its Resistance Of 498, So It Gave A Down Side Rally, But The Next Support Was @ 475 & It Even Managed To Break That Support, So But Obvious It has To See The Level Of 450 & 425, Which Lupin Did Today By Breaking The Support Of 425, Now Most important If It Breakes 415 Then This Stock Will Head To Southern Around The Level Of 393.