ITC offers a good choice for speculative play in the current market. The Sensex is exploring new heights and several scrips are showing signs of fatigue at higher levels.At such a time it has been this column's endeavour to pick a scrip which minimises the risk and maximises the possible profit.
ITC has been lukewarm for quite some time and has shown the signs of recovery after dipping quite a bit. The scrip found its support near Rs 1037, which is a technical support. On the upside it can move up to Rs 1075 and further up to Rs 1103. The stochastic and RSI have both signalled a buy.
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