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Jun 04, 2012, 08.20 PM IST
One can buy Godrej Consumer Products once it crosses the level of Rs 584, says Shardul Kulkarni, Angel Broking.
One can buy Godrej Consumer Products once it crosses the level of Rs 584, says Shardul Kulkarni, Angel Broking.
Kulkarni told CNBC-TV18, "Godrej Consumer Products is a good stock from a trading perspective. Which one can actually trade on the long side. The stock has given a very good breakout in yesterdays trading session. I would be looking at a target of around Rs 615-620 in case of Godrej Consumer Products, stop loss being at Rs 564. The buying positions should be taken once the stock crosses Rs 584 which is yesterdays high. Once that level is taken out one will see a good rally in case of Godrej Consumer Products." He further added, " ITC is moving sideways although the stock is in a particular sideways band. On the lower side support exists around Rs 225. So any dip towards Rs 225 and if the market is moving lower than one will see that ITC take support near Rs 225 levels and most probably bounces off from those levels."
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