1. I am bullish on the prospects on ITC for the time being, however as a matter of caution enter in the stock once it starts moving above the level of Rs 205 and keep an eye on another resistance of the stock at Rs 210.1 level.
2. ITC as a stock enjoys the target of Rs 230 with in a span of 45 days; once ITC crosses the resistance as stated above. ITC is definitely a long term bet too by virtue of its foray into numerous segments ranging from Wills Lifestyle outlets to Hariyali project and it is going to benefit from it as India is an agrarian society.