JM financial has a strong support on 127 and facing a resistance at Rs 142,the RBI has withdrawn strict ban on the loan issuance on IPO and bond market.
There is also a news of spliting the compnay in to 3 new entities PMS,Trading and Fund Management.
This will allow the stock to touch the level of Rs 185/230/280
VEDL has crucial support in 435 and resistance at 476 level and it is consolidating in the range for past 6 weeks inspite of market fall the stock is able to hold the price.A yearly break out happens above Rs 496 (2010 level multiyear break out)
If the price is sustained and breaks the point we can expect a Target of Rs 580/630/760
Can the demerger be a trigger...
