www.infystocks.co.uk

29 December 2006

RAMA

Rama Newsprint and Papers has some support at Rs 39. So since one is already invested in the counter, one definite strategy is keeping a stoploss below Rs 39. A very clear long term resistance which comes in for the stock is at Rs 47, and I think that’s what is really going to give the stock a long term direction. If at all Rs 47 gets taken through maybe in the next one or two weeks, one could be looking at a target range between Rs 55-58."

by erectusplus at 08:49:00 |