Intraday Stock For 15 March 2011: Sell HDIL At 160.25, Target 156.5

Stock for intraday trading: Sell HDIL @ 160.25 for target: 158.2 and 156.5, place protective stop loss at 161.7. We see selling pressure pulling this stock down as it is already trading in negative more than 3.5%, and is more likely to be bearish today, This is also trading with good volumes. Technical indicators are confirming the bearish and in favor of trade, HDIL stock.

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