Financial Technologies contra call

What a game today! Short, shorter and the shortest :)Unbelievable volume of almost 29 million with the cmp moving up and down by 10%..Wow!... FTIL on valuation alone looks attractive... As usual FMC sat on the sidelines when the innocent(blimey!!) investors were blown. Gonna wait on FTIL for another two sessions, and get a valid pivot. I am getting a strong feeling that I may go long at any price below 140.

And What an idea sirji!!! When a company posts a Q1 PAT which went up 98% Y-o-Y and up more than 50% sequentially, you'll always expect its price to go up like hell...huh! What did I say? Ranbaxy followed suit, and closed greener,,sanity prevails

FTIL and idea are on my watchlist.. and some more are..will come by later on'em

Tech Mahindra on 5th August

Intraday levels for 5th August

Today's close : 1233.25

Resistance Levels : 1280.55, 1313.925, 1352.85
Support Levels : 1208.25, 1169.325, 1135.95

Inorganic growth assisting TechM in its fluidic price movements, though I don't see TechM crossing 1300 before the AGM (12th August).
Recent deals with Schahin Petroleo and a LATAM banking deal ( both SAP ERP) worth multi-million dollars may assist TechM erstwhile MSAT :) further.

Q1 FY'13 results'll show the acquired inorganic ma(o)ss. Q2 FY'14 should say the facts on both bottom and top.. ha ha who knows, TechM may gather more moss, polaris acquisition is in pipeline.. let's see