Wednesday, March 26, 2008

Book profit "National Aluminium Company Limited" NALCO

Hi,

Thought sharing my view * on this counter. NALCO closed at 462 today. If you are long try to book profit at every rise. It may (may not) trade above 500 which would be exit or shorting point. OI continue decreasing with increasing volume which indicates bearish signal. Don't get surprise if we see around 300 in coming months.

It's my view* only. Take your own decision.

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