Monnet has given a breakout now.
May 8, 2014
May 7, 2014
JP Assoc.
JP Ass. after a steep fall has done a 1-2 at 37, then a small i & ii seems to have completed at 52 region. Can be bought with a s/l at 50. Target of 70-75.
Torrent Power is moving well.
Wipro is in its last leg of downfall. Seems to be in iii of C5.
MCX is showing bounce from the level of 78.6% of its last rise. It can now easily cross 610-620 level and move towards 820. A small resistance at 700 level.
Monnet Ispat
Monnet Ispat seems to have completed its correction. Can be a buy here. S/L 77.5, Ist Target 120-130. Long term if it holds above 60, can double.
Fundamentals are also too strong. EPS of Rs.32.3 , book value of Rs.392. (Source Moneycontrol)
May 6, 2014
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