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Last Updated : Aug 25, 2011 10:03 AM IST | Source: CNBC-TV18

Accumulate Empire Industries around Rs 630-650: Tater

Accumulate Empire Industries at around Rs 630-650, says Aashish Tater, Head of Research, Fort Share Broking.


Accumulate Empire Industries at around Rs 630-650, says Aashish Tater, Head of Research, Fort Share Broking.

Tater told CNBC-TV18, "Now people have been very complacent in shorting markets with a stop of 5020. What technical basically suggest that we have an inflection point of around 4768. That means before 4768, we can go and test 5020 and 5128 on charts. These rallies are short lived but what happens is that because of excessive shorts into the system, the short covering rally leaves a deep scar on bears face also. So in this market it

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First Published on Aug 25, 2011 09:33 am
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