Sunday, January 23, 2011

Indian Stock Market Weekly Pick

RELIANCE COMMUNICATION (RCOM)


RCOM has bounced from historical support levels.








In the coming week, RCOM will have strong support at 133.


IF stock takes support at 133,it will zoom to 139, 142 and 148.


On the other hand, break and trade below 129.50 will take the stock down to


126, 122 and 117.




NEXT: Nifty future weekly outlook




Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss









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