Nifty is still ranged and stock specific action particularly in mid cap segment is taking place.
One should avoid buying the breakouts as breakouts are fizzeling out. One should wait for dips to buy.
Mcleod Russel is in correction mode for the past three days, keep it on your radar and study the chart and buy when it trades above yesterdays high.
Zen Tech looks interesting on charts. Support is at 276 and resistances are at 304- 322
Wednesday, January 13, 2010
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