Monday, April 5, 2010

5360-5380 will act as next resistance zone, 5230-5240 as a good solid support.... Please keep a stoploss on all your trading positions

Stock view: Mro-tek

The stock is witnessing a very nice triangle chart pattern and is certainly looking very good on charts with vols picking up.... Buy Mro-tek at current levels of 34 with a stop loss of 29 with targets of 39/45 in short term. Momentum if it sustains above 36.





Stock View: Usha Mart

The stock has a huge resistance zone at 105-107 level, once if it crosses and sustains there could be some fireworks. EITHER Buy Ushamart on dips to 98-100 with a stop of 95 on closing basis with targets of 120 OR Buy Ushamart above 105-107 for quick targets of 115/120.




Have a nice trading day

Regards

Ankit

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