Sasken Comm has resistance at Rs 162-185: Gujral
Published on Friday, November 13th, 2009 at 10:48 PMAuthor: stockalert (2026 Articles)
Sasken Communication Technologies has resistance at Rs 162-185, says Technical Analyst, Ashwani Gujral.
“Lot of midcap IT stocks have moved sideways, have built higher basis, broken out on higher volumes. Sasken now has support at Rs 140, it has got resistance now at Rs 162 to about Rs 185.”
He further added, “KPIT Cummins got support at Rs 92, can head upto Rs 117 if the market remains soft, dollar appreciates a bit. It is a good place to hide.”
“Rolta also has got key support around Rs 140, can get back upto Rs 185. So even on midcap IT, Mphasis is the best of the lot that is trading at all time high. So around Rs 735-740 if one can buy, that has more room on the upside probably upwards of Rs 800.”
Source : MoneyControl
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