Monday, May 3, 2010

Sugar sector on radar - will it become sweet again ?

Greece has sealed a deal with the European Union and IMF that opens the door to a multi-billion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.

Lets us see how markets react to this development.
Back home the focus willl be on the next batch of Q4  earnings .

Sugar sectors has been hammered a lot and there are signs of recovery on charts. Kep the sector in focus with Dhampur Sugar and Balrampur Chini in mind.
Torrrent Pharma has started moving up from a long consolidation range. We have covered this stock along with FDC in our blong from time to time and both of them has given decent results.

Torrent Pharma has support at 500 and resistances are at 600-650.

Triveni  has support at 105 and resistance  at 125




 Trade less,Trade well, Trade wise  and have fun.

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