Market updates for 21/12/2012

 

Metal Sector Stocks

 

There are breakouts in Blue Chip metal sector companies. So today's updates is only about Metal stocks.

 

Tata Steel

 

 

 

 

Hindalco

 

 

 

JSW Steel

 

 

 

In the above charts you can see that Tata Steel and Hindalco has breached resistance and further uptrend is expected. On the other hand JSW Steel has reached important resistance level. Tomorrow is the last trading day of  week and lets see the closing.

 

Nifty medium term trend

 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	5950
Reversal if closes below	5680

 

 

Thought for the day

 

When I read Bhagavad Gita and reflect about how god created this universe everything else seems so superfluous - Albert Einstein