What is outlook for VSNL purchased at Rs 165 and Samtel Colour at Rs 44?
Ritam & Pulak Nanda. VSNL (Rs 173.5): The scope for any significant upside move appears limited in the short-term. There is a strong overhead resistance at the Rs 205-210 band. Only a move above this zone would impart positive trend. Remain invested with a stop-loss at Rs 168 and use price rallies to take partial profits. Fresh buying may be considered on evidence of support at the Rs120-125 range. A move past Rs 190 would trigger a buy signal if the stock moves past this level after hitting the stop loss at Rs 168. Samtel Colour (Rs 50.4): The stock enjoys a strong support at the Rs 37-38 range. The outlook would be positive as long as the stock trades above this support range. Hold with a stop-loss at Rs 42 and sell a portion of the holding on evidence of weakness at the resistance level of Rs 60. A drop below Rs 37 would warrant dilution of holdings. I bought a huge chunk of Syndicate Bank shares at Rs 50. What is the outlook and should I hold or exit? Syndicate Bank (Rs 33.6): The
