PNB is in a strong up trend. It has
broken out of the trading range and given a decisive close above the breakout
at Rs. 706.30 /-. A long position can be initiated at this level. Only caution
one should take is about quantity. Quantity must
be small and with a strict
Stop Loss of course. Long targets can be set at Rs. 721 /- and Rs. 740 /-. And
a strict Stop Loss can be set at Rs. 681 /-.
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