Sunday, December 12, 2010
Nifty futures is likely to claw back to 5940-5965 if 5830 level is not broken.. Break below 5830, it can test 5785/5800
Stock View: Ipca Labs
During the recent sluggishness in the markets, some stocks have continued to show their strength and one of them is Ipca Labs. The stock has formed a double top around 350 zone and is currently trading in a triangle pattern. The only concern is the low vols for a breakout. Buy Ipca Labs only above 353-355 with stoploss of 340 on closing basis and targets 385/400 in extreme short term..
Have a nice day
Regards
Ankit
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