NML Nishat Mills Limited Analysis 26 March 2013
NML Nishat Mills Limited Bounce Back Expected
Our Preference: Short positions below 86.15 with target at 81.19 and 77.45
Alternative Scenario: Upside penetration of 86.15 will call for 86.54 and 87.45
NOTE: NML is in over bought region and a correction is due from this price level, from the upper edge of its upward channel it is going to head towards lower band at 77.45.
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John Doe
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