BF Utilities likely to trade in Rs 470- 500 range: Tater

Published on Thu, Nov 03, 2011 at 15:27 |  Source : CNBC-TV18

Updated at Thu, Nov 03, 2011 at 16:10  

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BF Utilities likely to trade in Rs 470- 500 range: Tater

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BF Utilities is likely to trade in Rs 470- 500 range, says Aashish Tater, Fort Share Broking.

Tater told CNBC-TV18, "BF Utilities is one stock that has been range bound between Rs 470 to Rs 500 levels, gave a technical break that was unable to sustain. The stock has been making continuous upward pattern."

He further added, "I am going long on Zylog Systems . We see Zylog Systems has hit a high for 2011 on yesterday's closing basis. We feel there could be trading momentum. Given Cognizant results we feel IT could be showing some interesting momentum even in today's trade. I am playing for an intraday target of close to Rs 460."

  

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