www.infystocks.co.uk

26 December 2006

ITC is certainly underperforming, the charts are looking weak. Infact, the FMCG space itself was looking weak for the fifteen days and ITC is going through a consolidation. We have seen how stocks go up and then consolidate for two or three years, we saw banks do that. We are now seeing sugar do it and I assume that is what FMCG in general and ITC in particular is going through. That means there are no opportunities in the stock just now, it must wake up before some trading can be done there.”

by erectusplus at 08:31:00 |