 "Buy Idea, T&D; Sell 3i Infotech")
3i Infotech (Sell below Rs 25.85, target of Rs 24)
In line with other mid cap software stocks, 3i Infotech was also hammered on account of poor performance by MPhasis. The company is precariously close to its all time low of Rs 25. If this level is broken the stock can go down to Rs 24 levels.
[caption id=“attachment_69840” align=“alignleft” width=“380” caption=“Areva T&D has bounced back from its previous low on decent volume. Reuters”]
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Areva T&D (Buy above Rs 216, target of Rs 225)
Areva T&D has bounced back from its previous low on decent volume. The stock has fallen over 30 percent in the last three months and can see a small pull back rally to Rs 225.
Idea (Buy above Rs 99.80, target of Rs 103)
Idea Cellular is one of the few front line companies that is touching new highs in the current market scenario. The stock touched a new high on Thursday and can move higher on sustained buying.
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