Saturday, May 31, 2008

>IFCI analysis

IFCI witnessing good buying and also holding its support well due to which it looks a bood buy in dips till 55 is maintained which can be taken as stoploss for longs,So if 55 is maintained ifci can target 72-75.
This corrective wave rally may reach max 80 I think ,Also there is a news about strategic stake buy in IFCI by joint bidding by RELIANCE IND & STAN CHART.Do not trade with out stoploss

regards
Rish

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