CMP 45.2 BSE 17503
- In an earlier Post dtd 1/3/2012 I had indicated that 45-46 seemed to be a reasonably strong support level.
- Happy to note that 45 seems to have more or less held out except on a couple of sessions where the Closing was 44.35 and 44.85.
- If we see the price charts for the scrip it is apparent that 44 closing basis has never ever been violated since 10/1/2012.
- I would venture to say that long term as well as positional money should consider entering the scrip at CMP and hold for good returns in the mediom to long term.
- In case Portfolio Investors wish to make the Scrip a part of their long term Plans, it is better to enter now rather than at 55-60.
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