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Tuesday, January 31, 2012
SINTEX INDUSTRIES LTD; STOCK CALL
CMP 80 BSE 17193
On the upside, resistances at 84 followed by 93 and then 98. A closing above 98 for a few sessions will take it rapidly to 119, 120 levels where there is a major supply zone.
On the downside, supports at 77 followed by 71 and then a major support at 66 levels.
A close above 84.15 for two consecutive days this week will confirm a short to medium term uptrend.
In my considered opinion, in addition to position traders, long term investors should look to enter the Stock at CMP 80 for a target of around 125 in 6-12 months.
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