SUZLON ENERGY LTD.; STOCK CALL

                                    

                                    CMP 28               BSE 17193

• On the upside, resistances at 29 and 35 followed by a stiffer one around 39 levels, crossing which on a closing basis, the Scrip could easily see 43.
• On the downside, supports at 26 and then at 22 levels.
• If the Scrip closes above 29.05 tomorrow, we have a confirmation of a short to medium term uptrend which should see the Stock testing 35 levels soon.

In my opinion, even long term investors who find appeal in the turnaround prospects of Suzlon would do well to enter now at CMP 28 for a target of around 53 minimum over the next 6 to 12 months.