Tuesday 4 November 2008

Exit Orbit Corporation at higher level: Mathew

Technical Analyst, E Mathew is of the view that one should exit Orbit Corporation at higher level.

Mathew told CNBC-TV18, "In Orbit Corporation I still feel that it is a pullback rally and at best if one is taking a trading call, one has to keep a tight stop loss around Rs 62-63 zone. This pullback rally could take you to Rs 86-88 zone where there is very stiff resistance but I think beyond that one is being adventurous and one should book out at higher levels."

Disclosure: Analyst associate company has sold out of money calls.

Source: Moneycontrol

Posted by Harsh at 06:42

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