Nifty did show sign of breaking out yesterday but to use the cliche now very common " Its still in range"
Shipping sector outperformed as we discussed about a few days back. Essar Shipping, GE Shipping, MLL all have shown good momentum barring SCI which we liked. Well, that's what trading life is all about. The sector moved but the one stock which also had probability of moving up did not move up.But we were able to identify the sector move this itself is a learning.
Yesterday IT stocks moved up and now if the trend continues we may see action in Mid Cap IT space.
Polaris software has support at 175 and resistance at 191
3 I Infotech has support at 64 and resistance at 71
Thursday, August 5, 2010
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