Ashok Leyland

Discuss Ashok Leyland at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello Everyone, I have ashok leyland in feb fut @ 55.35, and it went to ...


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  #1  
Old 11th January 2008, 09:53 AM
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y2j826 is on a distinguished road
Default Ashok Leyland



Hello Everyone,

I have ashok leyland in feb fut @ 55.35, and it went to 52.10 last day when mkt dipped down, can it touch 56 in next 2 months or if not then whats the bottom level i can see in that ?

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Old 13th January 2008, 07:53 PM
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Default Re: Ashok Leyland

Ashok Leyland has resistance of 55-57 and support of 48 in cash. If it crosses this resistance with volume it has next target of 62+. Also february future is trading at a premium of around Rs.1/- which shows lot of interest in the scrip. In auto sector commercial vehcile companies are expected to good as compared to passenger vehcile and two wheelers. I suggest hold on the future. You can also short 60/- January call for around 2/- and earn some money.

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  #3  
Old 13th January 2008, 09:32 PM
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Default Re: Ashok Leyland

Quote:
Originally Posted by adamke View Post
Ashok Leyland has resistance of 55-57 and support of 48 in cash. If it crosses this resistance with volume it has next target of 62+. Also february future is trading at a premium of around Rs.1/- which shows lot of interest in the scrip. In auto sector commercial vehcile companies are expected to good as compared to passenger vehcile and two wheelers. I suggest hold on the future. You can also short 60/- January call for around 2/- and earn some money.
Dear sir,
do u mean that ashokley jan 60ca can go upto 2??
current price is 1.10

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