Friday, May 28, 2010

5085/5100 will be a hurdle for Bulls... A close above 5200-5230 will only confirm the possibility of seeing a new high

Stock View: ITC

The stock outperformed the markets after delivering gr8 results for the last quarter. A close above 275 has given some sort of confirmation of a breakout. Short term traders can look to Buy ITC at current levels of 275 with a stoploss of 269 on closing basis and wait for targets of 285/290 in short term. Patient players needed in this stock as stock may took longer than expected time frame to complete targets.





Have a nice trading day

Regards

Ankit

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