Saturday, October 16, 2010

CEMENT SECTOR Technical View FOR MONDAY 18'Oct'2010


JP ASSOCIATE

Technical View

JP Associate made high of 139.9 and since then trading with the negative sentiments. The stock has immediate support level of 128 below which if the stock sustained then some more correction may be seen in the stock price.

BINANI CEMENT


Technical View

Binani cement made high of 109 and since then trading with the negative sentiments. The stock has immediate support level of 90 below which if the stock price sustained then some more correction may be seen in it.

ULTRATECH CEMENT

Technical View

Ultratech cement has bullish trend. The stock is now trading in the sideways trend for a while with the positive bias so a decisive move above the level of 1150 can show further upside moments in the coming time.

ACC CEMENT

Technical View

Acc cement is in consolidation state. The stock is trading in a price band of 985-1050. So buying on dip and selling on higher level will be good strategy in the stock. Till the stock price free from this price band.

AMBUJA CEMENT

Technical View

Ambuja cement made high of 151 and since then trading with the negative sentiments. The stock has immediate support level of 138 below which if the stock sustained then some more correction may be seen in the stock price.

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