Monday, August 2, 2010

Shipping Sector

Nifty is still trading in a range though some sectors are seeing momentum picking up. Shipping sector saw some action in last trading session. Ge Shipping, Essar Shipping, SCI all are coming out of long consolidation.

SCI has support at 155 and resistances are at 168 / 173

Tata Chemical has support at 330 and resistances are at 345/ 355.

In banking space Andhra Bank has support at 138 and resistances are at 151 -155.

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