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Wednesday, July 27, 2011

Network 18

  • Network 18(124) a popular media investment company which is showing signs of short term buy.
  • The stock has strong support at 118.Keep stop loss here on closing basis and buy for a short term which can give good returns.
  • Technically on it's way up a strong head winds comes at 139 level.it needs to sustain above this level for further gains and next resistance comes at 151.
  • Above 151 level it will gain further momentum to test it's long term resistance 188
  • Below 118 support exists at 110 and 95