Thursday, November 19, 2009

Shipping Sector moved up as expected

We posted on our blog about the move in Baltic Dry Index and its impact on commodity and Shipping stocks. You can see the move thereafter in Shipping Stocks and Commodity Stocks like Sesa Goa, Bhushan, JSW , SAIL etc.
Readers can refer to the earlier post .

http://swingtradingideas.blogspot.com/2009/11/sectoral-relation-ship-and-baltic-dry.html

Some of the interesting charts are:

Elecon support 85 resistance 105

Glenmark support 240 resistance 275

Usha Martin support 70 resistance 105

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