UTV Software has resistance at Rs 580-590: S Sharma

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UTV Software has resistance at Rs 580-590: S Sharma

Technical Analyst, Salil Sharma of Kapur Sharma & Co is of the view that UTV Software has resistance at Rs 580-590.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Salil Sharma See what other Experts & Brokerages are saying about UTV Software See messages about UTV Software UTV Software BSE | NSE 09/02/12 Are Mutual Funds betting on UTV Software?

Technical Analyst, Salil Sharma of Kapur Sharma & Co is of the view that UTV Software has resistance at Rs 580-590.

Sharma told CNBC-TV18, "UTV Software Communications has had a good breakout after consolidation, the breakout point here was Rs 470 and the next resistance is between Rs 580-590 and for again a 12 month period it could be as high as Rs 680."

Disclosure: I have personal holdings in UTV Software and I have recommended Electro Cast to clients and I have a vested interest there.