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Monday 26 July 2010

Buy Fortis for target of Rs 171

There is a fresh breakout today on the charts, it has happened with very good volumes. The stock has already clocked volumes in excess of 1 crore on NSE. So that clearly is a sign that the stock is breaking out. The target that very clearly now emerges is 171. So first target on Fortis is 171. The stock can be picked up right now with a stop loss of around 155. So this is clearly a buy signal here.

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