SHORT TERM TRADES: INDIA INFOLINE, CENTURY TEXTILES, BOMBAY DYEING

INDIA INFOLINE:

1. BUY at cmp 82
2. Keep a stop loss at 73 closing basis
3. Target 1 is 91, which is also a strong resistance level; crossing 91, Target 2 is 105.
4. Time to targets; Give target 1 about 3 weeks and target 2 should take longer depending upom Market macros, maybe 2-3 months. But, I daresay, the risk reward is favourable at cmp.

TARGET 91 HIT ON 2/1/2013

CENTURY TEXTILES:

1. BUY at cmp 420
2. Keep a deepish sl at 382 closing basis.
3. Target 1 is 453 and Target 2 is 542
4. Time to targets; Target 1 a month, target 2 is longer term, say 12 months.

BOMBAY DYEING:

1. BUY at cmp 134
2. Keep a stop loss at 114 closing basis
3. The scrip has a resistance at 135 which it should break out of soon, so pre-empt it by buying at cmp
4. Play for a 12 month target of 165. Not exactly short term!!!!

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