Tuesday, September 4, 2007

Mid-week picks...

Charts favour IDBI to move upto 150 levels from the current 130 levels in 1 - 2 weeks time period. Keep this in portfolio and hold for a week to benefit from it.

CIPLA has broken out today 4th September from its trading channel. The volumes have been phenomenal...infact it has recorded the second highest volume in the past 2 years. I feel the stock has given a good breakout and is poised for upmove now. Immediate resistances exist near 181, 191 and 200. Wait for one more day and pick up this stock for short term if the trend continues.

IVRCL Infrastructure is bullish and is set to break the 400 barrier soon. Go long and hold for 1 - 2 weeks.

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