JP ASSOCIATES LTD; ALERT

                                           CMP 74.75            BSE 17923

• The Stock seems to be finding good support around 73-74 levels and has closed today at 74.75 as against yesterday's closing at 74.6.
• It has a strong DMA based support at 72 levels.
• As long as 72 holds on a closing basis, the short term uptrend is intact and we could again see levels of 81 soon.
• However, if the Scrip trades below 72 on a closing basis, we could see it test 66 levels.
• As of now, 66 levels seems a fairly stong short to medium term bottom for the Scrip.
• The Call for long term investors is a definite BUY at CMP and all dips.
• Shorter term participants may like to keep the above levels of 72, 66 and 81 in mind while taking positions.

EARLIER POST DTD 5/2/12 ON JPA  SEE HERE