Wipro (Rs 385.90) Sell : The daily RSI is likely to enter the neutral region from the bullish zone and weekly RSI is featuring in the overbought territory. Our short-term outlook on this stock is bearish. We anticipate its decline to continue until it hits our price target of Rs 345.
Traders with short-term trading perspective can sell the stock while maintaining a stop-loss at Rs 405.
3IINFOTECH (SELL) 65-63.5 (Target1) 62(Target2)60 & 58(Sl) 67
BHUSHAN STEEL (SELL) 578-575 (Target1) 569(Target2)559 & 545(Sl) 590
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Wednesday, May 20, 2009
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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