REVIEW OF STOCK STRAT­EGY

Flash News Investment - - TECHNICALS -

We had rec­om­mended buy­ing the stock of NIIT Tech­nolo­gies Ltd at Rs 1149.40 in is­sue no. 10 (dated De­cem­ber 31, 2018). Af­ter our rec­om­men­da­tion, the stock touched a high of around Rs 1177.70. How­ever, the stock failed to sus­tain at the higher lev­els and re­traced back. At present, the tech­ni­cal pat­tern looks good and hence we rec­om­mended in­vestors to hold the stock with a stop loss of Rs 1095 on a clos­ing ba­sis.

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