JP ASSOCIATES; STOCK CALL

       CMP 76                          BSE 17604

• On the upside, resistances at 81 (a major one) and then at 87 approx followed by 94 and then 103.
• Looking lower, first support at 72 followed by a major one at around 66 levels. If 66 breaks on a closing basis, then it could go down to 59 levels.
• Trend and tenor supremely positive, ever since it broke out above 72-73 levels decisively.
• Medium term target of around 103.

Long term money can also look to enter at CMP and all dips for a 12 month target of 158 or thereabouts, provided the macros assist and the Rate Cycle unfolds as expected.