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What is view on Sterlite industries hold or sell ?

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Submitted by Anonymous on August 20, 2009 - 16:35

sir i have sterlite industries share at 621 and i can hold it till monday so should i keep it or sell it


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Submitted by anilmehta on August 20, 2009 - 23:10. #

Sterlite industries is making an interesting pattern on chart . If you are a trader with short term goals ( 3-5 days ) you should keep a really close eye on this stock. If it falls below 600 level there are more chances that it will slide further.  Being a commodity stock this will correct more if a correction happens in the market.

On upside if stocks keep floating above Rs 600 level you can keep holding to see how it behaves. But as of today and looking at past 3 month chart ( see below ) it seems to be in a downhill path.

 

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