Saturday, July 4, 2009

A DELIVERY PICK - IBSEC

BUY IBSEC for delivery. It is a very good pick at current price of Rs.38.20
after touching Rs.59.80.
-The Co. has declared a dividend of Rs.2/- per share.
- Technically it is in oversold. It can be bought at 38.20 with stoploss of below Rs.32.05
on closing basis.
- Target is Rs.70/-
- There is vast scope of broking business due to globalisation of world market.

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