Hold Tulip Telecom: N Jain
June 30th, 2009
Nishant Jain, Director of Tradeswift Broking is of the view that one should hold on Tulip Telecom.
Jain told CNBC-TV18, “Tulip Telecom had touched about Rs 800 in mid May and since then it has been consolidating sideways. Today the stock has successfully broken out of its sideways movement and a fresh resistance for the stock is about Rs 980 to Rs 1000 levels. So I guess one should hold on to the positions and accumulate new stock with a target of Rs 980 and keep a stoploss of about Rs 780.”