Monday, November 5, 2007

IDBI has a strong pattern on the charts, says MB Singh, technical analyst, on Zee Business. It is currently trading close to its all-time highs, and once it breaks these levels, then it can easily move up another 20-30%, he says. The stock is currently trading at Rs 161.15, up 1.4% on the BSE.

Unitech has the potential to go to Rs 460-500 levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, up 1.6% on the BSE.

If Nagarjuna Fertilisers crosses Rs 65, the it can go to Rs 68-69 easily, says Vijay Bhambwani, technical analyst, on CNBC-TV18. And on the downside, unless it does not fall below Rs 48, there is no need for a momentum trader to worry, he adds.

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