Analysis 26th March

SUNPHARMA – 6rs Profit

jswsteel

jswsteel

TATA ELXSI – 12 RS Profit

jswsteel

jswsteel

As I said during the initial period of A and B higher prices was rejected, which shows sellers started the market with good conviction. But short term traders were booking profits which causes the market to move up in E period, again price came to orange line previous days high. Now comes the play of institution., They marked up the price and checked if there are still any profit booking. once all of the demand is absorbed, Price fall down rapidly and as i said in trading room. The price tagged the low and went further. So from this what we understand is with the help of MP and its Support and Resistance he overall sentiment of the stock can be said in the Initial balance

JINDAL STEL – 3.2 rs Profit

 

jswsteel

jswsteel

 

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