Idbi has been consolidating in a tight range since last three months. The stock has strong support around 112.5 -115 which includes lower end of parallel channel and last two bottoms around 112.5. I recommend medium term players to Buy IDBI part qty in the range of 112-114 and the other part qty in the range of 105-107 and look for medium term targets of 130/145.
Stock View: Suntv
The stock gave a nice little breakout on Friday ( although on low volumes ) and is now looking good on charts. Buy Suntv on dips in the range of 430-435 with a stoploss of 420 and look for targets of 450/455 in short term.
Have a nice trading day.
Regards
Ankit
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