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Buy VSNL with a target of 640 - 666, says Technical Analyst Hitendra Vasudeo

Neeta Aurora 11 October 2007

Technical Analyst Hitendra Vasudeo has suggested a buy in VSNL. The call is for delivery based trading. The stock is expected to cross 600 soon. The selling range for VSNL has been suggested at Rs 625 – 660. At current levels, VSNL is looking exciting.

Mr. Hitendra Vasudeo suggests a stop loss of Rs 440. The stock may out-perform stock markets and is fundamentally strong.

The stock markets are range-bound today. The markets were short of 19000 levels by just 200 points. VSNL stock is up by 8% today and is currently trading at 541.

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