Friday, March 2, 2012

INDIAN OVERSEAS BANK; STOCK CALL

  

        CMP 103.25         BSE 17636

  • On the downside,  excellent support at 97 levels.
  • On the upside, resistances at 110, 119 and then 134.
  • Tenor positive over the medium to long term.
  • Currently trading at less than 80% of its Book Value.
  • BUY at CMP and hold for a possible 12 month target of 163 odd.
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