RESPONSE TO READER'S QUERY: @NR 16/9/11 DCB

Perusing the TECHNICALS , we see that the Stock has a good support at 42 levels and below that a solid support at 38 levels. On the upside, the first resistance is at 52 levels and then at 57 followed by 60. Confirmed uptrend only if it breaks 60 levels decisively.

Briefly, FUNDAMENTALS indicate a greatly improved performance in FY10-11 as well as Q1 this Financial Year. The biggest possible kicker could be the speculated consolidation post issue of new banking Licences wherein DCB could be a prime acquisition target. So DCB seems to be a good long term pick for slightly aggressive Portfolios provided we get the Entry price right, since the Scrip is volatile and a bit of a trader favourite.

Overall, in my opinion, we can buy DCB in the range 42-48 (CMP) in staggered lots and hold for a year or two at the very least, for good gains.