Stock of the Week (9th - 13th May '11)

Stock for the next week is Jet Airways; technically it is looking strong on charts in the last trading session it manages to trade above the 10 days and 50 days moving average, it is now taking support at 485 and resistance at 500. It is looking positive in the coming trading session if it manages to trade and consolidate above the resistance level of 500 else it has support at 475. One can go for long position in it at 500 for the target of 525-530.