RESPONSE TO READER'S QUERY; @SAMUEL JOHNSON 11/12/2011; ALLIED DIGITAL SERVICES

                                     CMP 22                                       BSE 15836

TECHNICALS:

• The overall tenor of the long term Price Charts is definitely negative. On the downside, the next target could be 21 followed by 19 odd levels in the slightly longer term. On the upside there is strong resistance at 24 levels and then at 27. The multi-year low of 22 seen today is not likely to hold and fresh lows are on the cards.

FUNDAMENTALS:

• The fundamentals are not too bad if one were to look at Corporate performance sequentially but the YOY pictures does not seem very encouraging with both topline as well as bottom line having taken a hit in Q2 FY2012.

Frankly , it is tough to make a reasonably accurate recommendation in the kind of Market that we are in presently but my gut-feel is that one should avoid the Scrip and look for better names in the same space.



Q2 FY2012 RESULTS  SEE HERE