Saturday, May 12, 2007

NIIT Tech. looks promising.


NIIT Tech. has consolidated after making an all time high at 535 on 20th Feb, 2007 and now looks set to challenge that price. CMP is 487.65 and the breakout above 480 levels which was a supply zone has been on very good volumes suggesting a strong upmove. Stop loss for long positions should be 440 on closing basis and targets of 535 and 600 are achievable.

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