Sunday, August 24, 2014

HINDZINC Analysis for : 25-Aug to 29-Aug-14

HINDZINC (cmp = 167.75 ) looks bearish if the stock remains weak in 168-170 region. Look for shorting opportunity near169  for target of 165-161. Keep stop loss at 171

If the stock opens below 166.75 do not short immediately, wait for it to bounce back near 168-170 region and then get ready to short it. Keep stop loss at 3 points away from entry price.