Friday, May 13, 2011

New Listing-Servalakshmi Paper plunges 37% on debut- 5 Mins Technical Chart 13 May 2011

SERVALL-SPOT closes at 18.40 with a fall of -37%  compare to its issue price at 29. SERVALL is looking weak on 5 mins technical price chat. Major momentum indicators are in bearish mood.It has now strong support at 18.25.If this level is broken it may slide further upto 17.75 on 16 May 2011. Avoid Now.  

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