IIFL research recommended Mphasis stock for buy

IIFL research has recommended for buy  Mphasis stock with a target of Rs 613, in its July 02, 2010  research report.

Vm.venkatesh technical view on this stock.

Mphasis have a strongest support in 540-45 price level , and have a strongest resistance in 618-22 level , only exit when this stock close below 540 otherwise no problem hold long. In my short term view this share will consolidate in between 550-610 level.

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