Sunday, January 2, 2011

Nifty has finally given a confirmation of the breakout by closing above 6050 on weekly basis..Traders/Investors can use dips to 6050-6030 to buy.

 
Stock View: IGL

The stock has been rangebound between 300-350 odd levels since past few months. With stock having tested 350 odd level 4 times before may finally give a breakout this time with supporting vols and a convergence on the charts. Buy IGL at current levels of 340-345 ( safe traders buy only above 348-450) and add on dips to 330-335 with stoploss of 320 on closing basis and targets 390/410 in short term.



Have a nice trading day

Regards

Ankit

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