S&p's cut on Greece's debt to "junk" status led to U.S markets tumbling by 200 points, Nifty's good support is around 5210-5230. Dont sell atleast @ gap down opening near these levels

Stock View: Renuka

As you go by this chart there is more than one reason to accumulate the stock at current levels just for a sharp unexpected bounce back. One reason is that 61.8% retracement of the entire upmove from 20 to 123 is placed at 59-60 which will act as a massive support. Second is the trendline support around these levels and Third is the RSI is near to support zones.
Buy or Rather accumulate Renuka between 59-62 levels to play for a bounce back till 72/79. This is for patient investors.

Have a nice trading day

Regards

Ankit