Wednesday, November 4, 2009

Infosys, L&T & Educomp....



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Mercator Lines Limited

Stock has been in a corrective mode since "Post election" move.
It has reached the first fall region of 40 and expected to bounce.
During this rally, it will face resistance above 50.
35-40 looks to be the accumulation zone for a medium term play.

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SBI

SBI is correcting towards the channel support around 2050.
Oversold short term may result in a rally towards 2200 to 2300 zone where one may initiate a "Sell" and hold for Nov. series end.

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