PDI : Testing key support
March 1, 2011 Leave a comment
PDI is pretty much at key support – at 22.10. A breach of this level places 21.70 then 21.50 as immediate supports. If 22.10 holds today the counter will face resistance from just 22.30-22.50.
A close below 21.70 today would however be rather bearish, and suggest a pullback to nearer 20 may be on the cards.