Corporate Results of over 2500 companies Friday, December 17, 1999
fesub.gif (4328 bytes)
Full Story
fe.gif (834 bytes) flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
cement industry
-
 

Mixed profile in cement scrips 

K Seshadri  
Cement scrips have turned lively and are good plays for short term players Grasim has moved up after hitting a bottom at Rs 373.

It will come up against a resistance at Rs 427. If it crosses, that it will continue to move higher. As there has been a good volume entry on Thursday, the scrip is a reasonable bet. It is good to sell short the scrip at Rs 427, but put a stop loss at Rs 428. If it crosses Rs 428, go plus again. The technical indicators have signalled a buy. ACC too has stabilised.

Here, the stochastic indicator is still in the sell mode. Yet it may move up to Rs 240. Get into Larsen at Rs 397. Put a stop loss at Rs 396 or slightly lower. Gujarat Ambuja looks vibrant. Yet I expect not only profit booking, but actually short selling at above Rs 673.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.