Wednesday, December 22, 2010

Metal Sector outshines : Bhushan Steel

The sectors which we described earlier moved as per the probability we foresaw.
Bhushan steel seems to coming out of consolidation and has potential to move up to 490 - 500.
On LME Copper is making new high . Sterlite has  a very choppy chart . It has multi support at 160  and 180-190 is resistance zone.
As far as Nifty is concerned the level of 6070 is very important. Once it trade above this level for  few session then only we can see some more upside.

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