Dow Jones – Nearing Support zones.


DOW JONES --- Support at 12950-13000 recent lows and
next at 12800. Can get a bounce to 13300 soon in quick


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Best Regards,


Nooresh Merani


  1. meghraj mane
    October 26, 2012

    what happened to MPHASIS why it is going down after break out and close above 420 what to do with jayshree tea

    1. Nooresh
      October 27, 2012

      Hi Meghraj,

      Have been surprised by no follow on to the breakout on Mphasis. We added at 395 and reduced our position in that rise to 405-410 and have finally exitted the stock at 390 taking a stoploss hit. Got it wrong and when you get it wrong better to book losses and deploy the money elsewhere.

      Jayshree tea if closes below 88 levels can exit for now.

  2. shree
    October 27, 2012

    Thanks for the post. Can you please post few USA stocks also.

    1. Nooresh
      October 27, 2012

      will try to post US stocks also soon


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