Kunal Bothra : Yes, Nifty has been volatile, but still maintained its range of 6650-6800 band. It's fairly possible that the range bound activity may continue for next few days. However, a fresh trend could start if either of the level gets breached considerably on a closing basis.
SmartInvestor : Century Textiles has surged in today's trade and is seen heading towards 400 levels. Is the stock likely to witness profit taking after recent gains? What is your advice to long term investors at current levels?
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Kunal Bothra : CENTURYTEX has just broken out of its weekly channel pattern, trendline starting from tops in late 2009, passing through top in Dec 2012. This could turn out to be a strong breakout for the stock from a longer term view. We believe, investors should hold on to this stock, with a potential support at 350 levels from a long term view.
SmartInvestor : Alstom T&D India is also among the gainers on the back of open offer from General Electric (GE). The stock has been firming up from Rs 185 levels. What is your short term trading strategy for the stock?
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