Monday, June 7, 2010

Intraday Update: Finally Balrampur Chini Cracked

Hi,
Much awaited cracking of balrampur chini happened today with stock clearly cracking 2.5%. Crack will widen if it breaches important support of 78 which is its lower side of consolidation range. To confirm cracking there is an addition in open interest of about some 2% with crack in price.



ICICI Bank: Icici is yet to crack, weakness as mentioned earlier, is already there. A break down will happen from 830 level which is its important support.

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