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Indian Stock Pick - Polaris Software
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Indian Stock Pick - Polaris Software (16th
December 2004)

Indian Stock Pick - Polaris Software
Polaris Software corrected from Rs. 210.00 to Rs.
120.00 during the May 2004 market correction. Since then
(as can be seen from the chart above) and over the last
five months, Polaris Software has been consolidating
between 160.00 on the higher side and 140.00 on the
lower side. On 15th December 2004, Polaris Software
broke out of this consolidation zone with a 400%
increase in volumes.
Trading Recommendation
BUY now or on a pullback to Rs. 155-160 levels (with
a stoploss at 149.00) for a short to intermediate term
target of Rs. 205.00 - 210.00
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