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Thursday, July 21, 2011

TRADING RECOMMENDATIONS ITC Ltd.

ITC Ltd. CMP— Rs 205.75
Technical Outlook & Trading Strategy:-

The share price of ITC has registered a breakout from its resistances levels of Rs 205. The overall technical set up remains positive We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 213/ Rs 216.

We recommend a buy above Rs 206.50 with a stoploss placed below Rs 200.70

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