Home > Market View, Stock Ideas > Stock Watch -Sterlite Industries , Hindalco

Stock Watch -Sterlite Industries , Hindalco

Tuesday, August 11, 2009 Leave a comment Go to comments
Copper Price Chart

Copper Price Chart

Sterlite Industries is a pure play on copper price movements, which have been on an uptrend for past three to four months (see chart). As commodity stocks are volatile, one should be cautious in trading this stock.

550 is a good support region for the stock and can act as a stop loss for the stock.If the stock manages to cross 700, then it can reach 850-900 in quick time.

Similarly Hindalco, which is an aluminium play has been trending up nicely. Accumulate the stock on dips. Strong supports around 95 and 85 levels.

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  1. Wednesday, September 9, 2009 at 9:04 am

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