- SAIL :- BUY ABOVE 176 TARGET 188 THE 192 SL 168
- NEYVELLI LIG :- BUY ABOVE 137 TARGET 141 THEN 146 SL 133
- STERLITE :- BUY ABOVE 664 TARGET 678 THEN 686 SL 647
DERIVATIVE PICK
HOLDING PERIOD – THREE to SEVEN DAYS
DLF ( CASH - Rs.411.40) : The stock has given a strong breakout in today’s trading. Buying is advised above Rs.416 for a target of Rs.426 and Rs.436. The real explosive breakout will come once the level of Rs.436 is crossed. Higher target of Rs.448-452 is also possible. Stop Loss of Rs.399 should be kept.
TATA MOTORS
Present Price – Rs.387.20
Projected price – Rs.450 plus
Auto stocks have acquired clear leadership status and amongst this after Maruti, Tata Motors looks the most promising. The stock has closed on a very strong note with huge volumes. Buying is advised above Rs.396 for a target of Rs.415 and Rs.425. Higher stock target of Rs.450 plus is also easily attainable. The stock can also be bought on declines to Rs.372. Stop Loss of Rs.367 should be kept.
