Saturday, September 10, 2011

RESPONSE TO READER'S QUERY: @ANON 8/9/2011; FORCE MOTORS

FORCE MOTORS has good support at 655 levels and below that, rock solid long term support at 610 levels. Fundamentally seems a good long term play but , in my opinion, first entry should be made only around 660 levels which it might see if the overall Market moves down again and then one could average out downwards for the long term. Upside potential is good but a lot would depend upon the Interest Rate regime reversal and the improvement of market sentiment towards rate sensitives. If buying for the long term, entry in the 650-660 range seems reasonable with limited 5-7% downside risk.

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