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

On the TECHNICALS, WIMPLAST is a sideways kind of Price Chart with a negative bias. At CMP 189 it is at a support level, which if broken on the downside could take it down to 179 levels and then 162. On the upside, the first resistance is at 195 followed by 201 and then 205.

The FUNDAMENTALS of the Company seem good even though the Plastic Furniture and allied space has a substantial unorganised sector presence and there would always be a squeeze on margins. The other negative is the abysmally low trade volumes.

If one is willing to wager a bet on the possible growth in the segment , then one could buy in on dips and hold for the long term. However, the problem with scrips such as this is that one would have to be super slert for any negative news flows and be nimble enough to get out of the Stock in case of adversity.