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Tuesday, January 22, 2013

Pantaloon@The flavour of one idea@ multiple trade continues....

The flavour of one idea@ multiple trade continues@

 This's what we said on 4th Dec for Pantaloon Retail@ 
Going higher Pantaloon Retail faces good resistance around 240-246, any closing above 246 could take it higher upto 253-258-268-282 where 240-239 will act as support.

Going with the above Pantaloon went on to hit 270.85 on 9th Jan on the higher side however it didn't closed above 268.

We said in the above that 240-239 will act as support. 

On 21st Jan it went down to 240.20 and closed at 243 and today 22nd Jan its up 12% at 272 when this message is posted.

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Regards,

Manish Bothra,
Kolkata.
manish843@gmail.com
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