ITC may outperform market in next few days: Manav Chopra

Manav Chopra of Networth Stock Broking told CNBC-TV18, "We have noticed that ITC has a very strong support on the monthly charts which is around the levels of Rs 310-315 and the stock after testing that important support has seen a good rally of at least 8-10 percent in a period of 15-18 days. It has responded very well to this support and looking at the overall formation. With the kind of momentum today with volumes it seems that the stock has confirmed higher bottom around the levels of Rs 315 which it formed recently.""Going forward the stock would be testing its important level of Rs 340-345 in the next few trading sessions. So, from the near term perspective the momentum indicators have also turned positive. So, this stock is likely to outperform the market in next few trading days," he said.