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Alpha India ME - Mid Economic Worst Performers
Orpheus Capitals, June 2011, Pages: 6
Mid Economic worst performers
The updated Jiseki rankings continue to suggest Punj Lloyd and BHEL as the worst performers of the Indian Mid Economic sector. Today’s Alpha India report carries technical cases on the respective stocks now that the market bias is positive for the days ahead. Punj Lloyd seems to be starting a new impulsive wave up (slide 3), while BHEL could make a new minor low or at least retest previous lows before any sustained upside (slide 2). The market bias is now positive as NIFTY looks ready to break subminor trend channel resistances at 5,520 levels and head higher till 5,600-5,700 levels in the ongoing corrective X wave up. Enjoy the latest Alpha India.
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