Technically (and coincidently J ), the strong historical support for had also been around 895-900 levels which it seems to have perfectly bounced off from. (We had mentioned on this on the blog-post some days back.) The stock could face some resistance in the 950-955 levels. Post that the upside would be a good 40-50 points atleast.
An entry in the stock is recommended in smaller quantities on dips to 920-922 levels.
The stop-loss can be placed around 890-892 levels.
The momentum indicators too point to a quick bounce to 955-960 levels.
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