*Sizzling Stocks * **
** ** ** ** ** ** Jubilant Foodworks (Rs 631.2) This pizza maker turned in to a sizzler last week as the stock price soared 13 per cent higher. Market participants were enthused by the launch of the company's new outlet in Bhubaneswar, pushing the stock price towards its life-time high at Rs 671. The stock is currently struggling to move past the resistance at Rs 650 and inability to clear this level will result in the stock declining to Rs 540 or Rs 500. Investors can hold the stock as long as it trades above Rs 480. Subsequent supports are Rs 420 and Rs 360. Hero Honda Motors (Rs 1,929.4) Hero Honda vroomed to the intra-week peak of Rs 1,998 on Monday as the contours of the split with Honda Motor Company were publicised. The stock that had lost 24 per cent in the 12 trading sessions from November 30, has currently recouped most of these losses. This stock is in a medium-term consolidation phase since April this year. The trading band since then is established between Rs 1,600 and Rs 2,100. It has strong long-term support in the band between Rs 1,500 and Rs 1,700 and investors can accumulate the stock in this band. Area between Rs 2,050 and Rs 2,100 will act as a medium-term resistance. — Lokeshwarri S.K. ** http://www.thehindubusinessline.com/iw/2010/12/26/stories/2010122650090700.htm -- adbuth -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
