GVK POWER & INFRA LTD; ALERT

                                  CMP 18.65                                  BSE 18202

• The Stock has closed for a few sessions above key resistance 17.2.
• Though ideally, I would have liked to see a few more closings above 17.2, but given the current market momentum, I daresay that the Scrip will soon touch the short term target of 20.
• One would have to be a tad wary of macro market reversals but as of now target 20 seems achevable in quick time.
• Positional traders may like to note the above.
• For long term investors, the Stock is still a BUY. 

EARLIER POST ON GVK POWER DTD 9/2/2012 SEE HERE
EARLIER POST ON GVK POWER DTD 14/1/2012  SEE HERE
EARLIER POST ON GVK POWER DTD 10/12/2011  SEE HERE