JP Associates may slip below Rs 70: Jai Bala

Jaiprakash Associates may slip below Rs 70, says Jai Bala, Chief Market Technician, cashthechaos.com.

May 04, 2011 / 11:26 IST

26 Aug, 2025 12:21

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Jaiprakash Associates may slip below Rs 70, says Jai Bala, Chief Market Technician, cashthechaos.com.

Bala told CNBC-TV18, "The entire infra space is actually looking venerable but if you were to pick JP, looking at the long term charts the accent from Rs 70 to 103 was a corrective rise. As the market is placed at this point in time it is looking like the final push down, which could take out the lows of February and it is probably going to cross Rs 70 and hit somewhere about 68 to 52.

first published: May 4, 2011 10:41 am

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