JP Associates has strong support at Rs 62: Shruti Vora

Jaiprakash Associates has strong support at Rs 62, says Shruti Vora, Technical Analyst, Equity and Derivative group, Antique Stock Broking.

Vora told CNBC-TV18, "Jaiprakash Associates has been relatively strong as opposed to the market and hence I see a strong support coming in at Rs 62. The stock is in a small higher top higher bottom formation and I think the next stop of the stock would be till about Rs 83 levels. I think this level should face resistance as it coincides with the 200 day EMA."