Sell Tech Mahindra, JP Associates: Pankaj Jain
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
August 30, 2012 / 17:49 IST
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
Sell Tech Mahindra with stop loss at Rs 847, target price of Rs 801 for the day. Buy MTNL with stop loss at Rs 41.75, target price of Rs 44.45. We continue to be bullish on MTNL and we believe that Rs 45.50-46.50 should be the next level of serious resistance that was the high stock made in July 2011. The way there are various kind of rumors floating in the market regarding sale of spectrum, regarding sale of realty that may or may not happen but technical indicators are very positive and technically the stock looks very strong.Sell JP Associates with a stop loss at Rs 65.55 and target price of Rs 61.30 for the day. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
