Monday, September 21, 2009

Global economy is on recovery path

Nobel Winner Krugman Says ‘global economy is on recovery path'.

You can read abt it

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ap6aPBj59zLc

At present rise of dollar is putting pressure on commodity price. On Tuesday one should stay away from Tata Steel, JSW Steel as these stocks may see weakness.

Bharti airtel has moved out of narrow range with good volume 418 is suport and 480 is resistance .If Bharti is able to move up then one should also go long on idea as this stocks has corrected and the uptrend is expected to resume with stop of 72 and resistance of 84.
Shipping sector saw action on last Friday ,Ge Shipping, MLL and Essar Shipping may continue with the uptrend .
Pharma stocks also saw action on Friday. Cipla seems to have corrected and 250 seems to be a strong support.
On weekly time frame Mahindra Satyam and Tata Motors are good trades

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