Wednesday, June 13, 2012

Buy SUN TV with target price of 275 and Stop loss of 245 - 13 June 2012

SUN TV seems a good buying opportunity now.

1) The share has bounced back from 225 Rs levels and has crossed the resistance levels of 240-247.

2) The stock may now test its previous support levels of 275.

3) Open Interest has increased on rising stock price which indicates continuous support coming from derivatives side. Open Interest is now 63% more than the maximum Open Interest logged for last three months.
 
 

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