Micro Technicals
ITC
Current price: Rs 671
Target price: Rs 725
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The scrip is showing some signs of speculation after UTI announced that it may sell its holding. Prices could swing higher on larger volumes, on the back of hopes of a management battle and rival open offers.
There is heavy resistance at the Rs 725 level and it is unlikely that the scrip will exceed it in the near term. But if it does, it could go on rising to Rs 820, at least.
Ashok Leyland
Current price: Rs 94.85
Target price: Rs 107
The scrip has found solid support and seen some buying in the past couple of sessions. It is likely to recover quickly and trade within a band of Rs 100 and Rs 109 because there isn