Sunday 24 June, 2007

IDBI !!!

IDBI (107.50)

Resistance zone 108-110

Support: 104 – 101 – 96

Worth taking a risk at 96 levels…

Needs at least two closes above 110 for further up move

Rumors of a big time player into the stock… Tgt given is around 112-115.. above that it will be people who will take the stock higher…

Technically strong resistance zone of 108-110 which the stock is unable to break since quite some time now… Once taken expect most of the analyst / brokering house giving calls on the same

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