On May 08,2009, Andhra Bank had come out with a better then expected results and its Board has recommended a dividend of Rs. 4.50ps per share for the financial year 2008-09.
The valuation of the bank looks impressive.
TIP: For intra day Buy Andhra Bank at 62.30 with a stoploss of 61.65 and sell at 63.95.
Note: At 10.55 A.M, Andhra Bank is trading at 63.
For long term, traders may take the script for delivery and sell at 73-78 levels with a stoploss of 56.
Monday, May 11, 2009
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1 comment:
Andrhra Bank stoploss for intrday triggered.
Note: we still put a buy on Andhra Bank for long term traders.
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