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Wednesday, July 13, 2011

Stock In Action and Can Move 10%

  • Dr Reddy (1596) showing some kind of action.
  • To go much higher like 1800 kind of levels. it needs to sustain above 1617-1630 levels and need a firm close to achieve these levels.
  • Downside supports exists at 1570,1550 and at 1530 levels.
  • Any correction towards these supports.Just buy it
  • Medium term support exists at 1470.until this level holds it can attempt 1950 kind of levels in 6-12 months time.
Cheers & best to your trading.
Disclaimer : No positions in above stocks