From a trading point of view , one must be cautious on the short side and should buy and trade long on dips , as the ferocity and movement on the upside is likely to be more fast with velocity.
SUPPORT AND RESISTANCE : R-3051-3110- AND S-2967-2945-2925.
A rough range of 160-180 is what the stock is moving around in. If stays above 180 expect a 20 rs jump up and below 160 a 20 rs down move.
The stock has been seen between 1250-1500 in the last few months. Yet again its coming close to a breakout above 1480-1500 zone which if crossed and sustained it may well go beyond 1600 +
TATACHEM Buy above 136 SL133 TGT145
EKC Buy IF BREAKS 115 TGT120,123 SL112
Stocks to watch
Bhel , dlf , reliance,tata power looks good
Asian Paint,Bharati,Bpcl looks weak