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Hold Unitech, says Hemen Kapadia

Published on Tue, Nov 24, 2009 at 13:48 |  Source : CNBC-TV18

Updated at Tue, Nov 24, 2009 at 15:31  

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Hemen Kapadia, Chartpundit.Com

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Unitech

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Hold Unitech , says Hemen Kapadia , Chartpundit.Com.

Kapadia told CNBC-TV18, "Unitech is making lower tops and bottoms on the weekly chart, so basically it's been on a downtrend in the last eleven weeks. Having said that we are oversold and we are close to strong support levels at around Rs 70-72. So I would say just a hold because even a sympathy bounce could take it to Rs 90-95 but as of now taking a shorter term call, I think that would be a hold."

  

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