For the past couple of sessions it is holding above Rs.33. The downside risk is
minimal for an anticipatory bounce. High risk traders can buy preferably in
declines around Rs.34-35 with a strict stop loss below Rs.32.50 in close for a
pullback up to Rs.40-42 in the next 7-8 trading sessions. For any fresh
upmove, Rs.40 has to be sustained while downtrend continues on a decisive
breach of Rs.32.
* Trade in cash and in small quantities.
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India Cem Chance Buy CMP: 124.80 Tgt: 133-136The daily candlestick chart of India Cem shows a decline from Rs.169.90 toRs.115.65. For the past couple of sessions it is holding above Rs.115. The downsiderisk is minimal for an anticipatory bounce. High risk traders can buy preferablyin declines around Rs.120-122 with a strict stop loss below Rs.116 in close fora pullback up to Rs.133-136 in the next 7-8 trading sessions. For any freshupmove, Rs.133 has to be sustained while downtrend continues on adecisive breach of Rs.115.
* Trade in cash and in small quantities.
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