Thursday, January 9, 2014

S&R

Day before yesterday BATAINDIA had closed at 1042.25 earlier close was at 1024.55 and yesterday it closed at 1024.95.

It has support at 1024.00 weather it will break it today or hold it is to be watched today.

As per my view above 1035 it will become strong.

Its GUPPY indicator looks bearish to me. Well below 1024.00 it may touch 999.95 [Bata price!]

If it touches it I will start accumulating it. Below 1024.00 it has next support at 960.00 and above 1035 it has resistance at 1088.00.


Mahesh Sawerdekar.

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