JP ASSOCIATES; UPDATE

CMP 60.55       BSE SENSEX 16030

• In the earlier Post (SEE THIS), I had outlined 61 odd as being a good support for the scrip.
• Even though in the past few sessions the market has been flirting with this level of 61, having broken it on a couple of occasions, we are yet to see a decisive break on the downside below 61 closing basis.
• However, my gut-feel tells me that we will see a break below in the next sell-off.
• In the case of the above occurence, the scrip becomes a good ACCUMULATE in the 51-55 zone.
• Interested Readers /  Market participants may like to keep the above levels on their radar.