Friday, July 16, 2010

Sector Buzz : Textile

"If someone feels that they had never made a mistake in their LIFE, then it means they had never tried a new thing in their LIFE" - Albert Einstein


TCS came out with better than expected  results this may augur well for Mid Cap IT space . If Rolta is able to trade above 185 then it could retest 200 with support at 180.


Nifty is finding support at lower levels and as  long as 5300 is held it remains a buy on dip market.
Textiles stocks like SKumars, Crew Bos , BRFL yesterday had a Price  and Volume breakout.


BRFL has support at 260 and resistance is at 300.

Guj Alkali has support at 125 and resistance at 150

Trade less, trade well

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